While the bulls have been raving about Cobalt and Copper, Jim Rickards is wild about Gold!
Applying the increment of Au at USD10,000/oz over spot price to HAV's JORC Au resources adds c. A$41 billion # to its ISV, more than doubling the entire previous estimate (which included Au, Cu, Co, Fe, Mo).
Once the rights shortfall is placed, soon according to posts on this forum, HAV can get exploring and discover those other Kalkaroos!
Such a price target for Au, extreme as it seems, may sweeten the Kalkaroo deal for Wanbao given it has a 14+ year mine life. Sadly, any stake Wanbao acquires is unlikely to be priced on Rickards’ target price. But when you look at what's been happening with Bitcoin, assuming HAV retains a stake in Kalkaroo, once the mine is in production anything is possible …
DYOR
# (US$10,000 – US$1,300) x 3.6moz / 0.76 = c. A$41 billion
While the bulls have been raving about Cobalt and Copper, Jim...
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $74.41M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.0¢ | 22.5¢ | $92.88K | 408.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21997 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 25477 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| HAV (ASX) Chart |