FM, in response to your post I've done a few calculations for what their worth? I'm no expert in this field! Based on US exchange rate of $0.8238 - Current gold price A$1061 - 490m shares (includes options in the money) - Estimated plant cost US$204m (A$247m) - Borrowings to date US$105m (A$127m) - Current resource total 3.5m ozs. - Total inground value A$3.713B - Using figure of 10% of in ground value (have seen 5% & 10% mentioned elsewhere) gives the following - A$371m + plant A$247m less borrowings A$127m = A$491m = A$1 per share (approx. current value) Anyones welcome to pull that calculation apart. Cheers!
MDL Price at posting:
$2.88 Sentiment: Buy Disclosure: Held