One last comparison which I think is a perfect blue print for Saturn's Apollo Hill mining project. About a year ago Orla Mining acquired Gold Standard Resources for about US$187m. Their principle asset was the South Railroad heap leach project in Nevada which was at a DFS level. The size and specifications of both these projects are so similar, right down to the Capital Expenditure in US dollar terms. Apollo Hill has an SARG of 0.16 g/t v 0.10 g/t for South Railroad. On paper at least it looks to be a better project, with more drilling required to prove up the Inferred resource.
If Saturn can progress this project to a DFS and Ian can start convincing the investment community here in Australia that a heap leach mine is workable, then I can't see why a valuation similar to Gold Standard Resources wouldn't be possible in 12-18 months.
- Forums
- ASX - By Stock
- Saturn Metals (ASX:STN) proving grade isn’t king in the gold game
One last comparison which I think is a perfect blue print for...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STN (ASX) to my watchlist
|
|||||
Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $53.13M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.5¢ | $29.1K | 155.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 88037 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 35970 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 88037 | 0.185 |
1 | 168850 | 0.180 |
1 | 25000 | 0.175 |
1 | 50000 | 0.170 |
4 | 103000 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 35970 | 1 |
0.195 | 54146 | 2 |
0.205 | 14750 | 1 |
0.210 | 13000 | 1 |
0.220 | 17113 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
STN (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online