Another company for comparison is Ampella Mining Limited(amx), at yesterday closing of 2.58, MC is $517m. JORC of 1200000 oz. Value per oz of resource is $430. Their new discovery has driven their Sp mad. So if SBL were to make new big discovery, then imagine what ?ll happen to the SP. If SBL were to come close to AMX of $430 per oz, then the SP should be 27cts.
The key driver to SP is aggressive drilling on greenfield to discover the 10Moz which SBL is targeting.
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