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@Kavod Hey brother, I'm inclined to agree with
@Corgi and reiterate there can be no short term catalyst which espouses a $10 val... As neither was there with any other emergent mining stock for 5-10 years or more.. I refer to the examples below.. Noting Newcrest paid some $14B for Lihir back in the day of lofty aspirations.. Mind you it's still on the books as reporting 50m odd in situ ounces so may have been worth the cash.. hahaha
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EVN Evolution Mining Limited $8.05b SOI 1.7B
SAR Saracen Mineral Holdings Limited $5.27b SOI 1.7B
IGO IGO Limited $4.9b SOI 757M
NCM Newcrest Mining Limited $20.54b SOI 816M
Basically any valuation at this stage is a personal one based on interpretation of the possible gold resource contained in
A. The immediate Probable area Ternera + (once proven)
B the Potential surrounding areas + (Up to 4km x 4km) refer TSO prospectus
C the Prospective wider regional are (Up to 540sq/m) refer TSO ann on land acquisition
Multiplied by the probability of achieving X, Y or Z grade over an area of A, B & C.. Discounted for timeline variables covering realisation and return on asset of 10, 20, 30 years or more.. Who knows.. But that is the potential.. Will it hit $10 with a billion plus SOI, again who knows.. But other companies have shown that 1.7B SOI is no impediment to multi billion dollar capitalisations so maybe it can..
No one knows..... The Big Marn is merely pointing out what potential he see's... No thesis req just a little belief and punt needed at this very early stage of development.... IHO
