TMX has a JORC inferred resource of 200,000 oz. gold. Approx 2 gm/tn so out of ground value at current gold prices $900 less say $400 per ounce gives $500/ounce x 200,000 ounces worth $100 million. Excellent frirst drilling results from Celtic confirms further gold mineralisation and a further 5000m drilling to double resource, worth becoming $200 million with further drilling results from three other advanced projects. There are only 30 million shares on offer, potentially $6 per share !!!! Cap only $180 miilion at that price.
This share has a huge potential upside.
Only commenting. Go to a broker for advice.
TMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
