SPR value definition.

Hi everyone.

4,000,000 oz* $3000Aud = 12,000,000,000 =12 B. ($4600 Aud-1600 cost =3000)


12B/2 = 6B. It’s worth 6B to a big miner including a 50% safety discount and the potential for more oz!.


6B/2 = 3B. (Would have to divide the 12B by 4 to get 3B!).


3B Market Cap = $2.30 Share price.


any big miner would know they have no chance winning this potential for under 3B.


I recon they may fancy themselves at the 3.5-4B mark. ($2.8- $3.3 range) these people don’t play to lose, I’m pretty sure Simon knows who has been investigating his company… hence the magic comments. (He stands to gain like the rest of us if the starting point is higher).