right now reminds of bmn when bmn was at 40cts, page-5

Guys, following on from what we worked out last night, lets try and also give a value on whats remaining at Mandilla.


From latests ASX announcment - QRT report - we have:

Processing of 51,000 tonnes of stockpiled gold ore commenced at custom mill.

• Indicated Resource of 356,800t @ 3.04g/t Au for 34,873 ounces estimated for East Mandilla bedrock deposit.

"During October 1800 oz of gold were sold at an average price of $A828."

East Mandilla:

"Indicated Resource 356,805 tonnes @ 3.04g/t Au for 34,873 ounces (25g/t cut)"


So, another 35,000 OUNCES of 3.04g/t gold found at East Mandialla.

That should yeild, say, $25mn in gross sales/gross revenue or another $12mn+ in CASH/NET PROFIT

At present, cash in bank is $9mn.

So, when this ore is processed and sold, we should have $9mn+$12mn = $21mn CASH IN BANK

That equates to a 4-5cent share price on its OWN!!!!!!

And that gives/provides for no exploration value.

So, lets not give any other value on Mandailla (even though its highly likely MORE GOLD WIL BE FOUND THIS QUARTER).


Therefore, Mandilla = 5cents!!



That means, all of the following - $20BN USD IN IN-GROUND-VALUE - are valued at 5 cents a share or $25mn.


But, does $20BN OF IGV = $25mn in mkt cap????

I DONTTTTTTTTTT think so! Maybe today, but not tomorrow imo.




Koongie:

IGV = $1.2BN USD [as per company release]


Victoria River Down:

Company say that they are "intially targeting 50-100mt zinc @10%".

Using a mid-point of 75mt's, thats a resource of:

Resource: 75mt [as given]

Zinc: $1 US/lb
= $1*2,250
= $2,250 US/tn
(simple conversion from pounds(lb) into tonnes(t))

Grade: 10% [as given]


So:

75mt @$2,250 US/tn @10%

= 75mt*2250*0.1

= $16,875,000,000 USD

IGV: IN-GROUND-VALUE = $16.875BN USD