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resource upgrade, page-8

  1. 1,177 Posts.
    I'm glad they have kept the Cawse announcement seperate as it will give it more weight.

    I have just done some quick back of the envelope calculations based on the resource estimate and @ 10% of in-ground value I get the following value per share:

    Sandy Creek- $0.51 (Excludes 5.4Mt @ 3.9% Zn, 0.6% PB & 14g/t Ag)
    Djibitgun- $0.12

    Obviously the grades at Sandy Creek have suffered a little, but there is still a combined value of $0.63 alone in those two deposits.

    Can anyone support these figures or have some of their own?
 
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