That would value a resource of 2.5 milloz a bit wrong.
I think we can make more than under $100 per Oz.
I think Inground value a bit low there nowork.
I did some calcs about a month ago based on average cost of mining for Australian producers and put our in ground value at around $400 per Oz. Especially with the High Grades we are seeing.
I have said before, and other people think I have been a bit to Bullish. But I would say at least 15 times current SP and Upward.
I have been wrong before..
sp potential, page-3
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