So going by Peter's statements RE holes 2, 3, 4 on pad 2 and the potential 140m tonnes in the rectangle he speaks of, if assays confirmed 0.5 grams/tonne then there would be 70m grams......
My calculations (using the spot price per tonne of A$1,725, which of course is subject to volatility and highly irresponsible!) would suggest the following market value for that rectangle:
$1725 x 1 ounce/31.10 grams = $55.47/gram ->
Total Mkt Value = $55.47/gram * 70m = $3,882million
FNT Mkt Cap today = $65m
These are back of the envelope, blue sky, best case, thumb in the air values of course. But this suggests a hell of a lot of upside....
I admit a certain ignorance re drilling and resource company valuations, so please do point out any errors both for my benefit and that of any others whom may be reading this!
DYOR
So going by Peter's statements RE holes 2, 3, 4 on pad 2 and the...
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