LNR 0.00% 0.3¢ lanthanein resources ltd

That would be nice! Generally gold explorers are rated via an EV...

  1. 589 Posts.
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    That would be nice! Generally gold explorers are rated via an EV (enterprise value) of ~$150/oz (on average).

    70m grams is 2250549 troy ounces giving a rough market cap of around $337.6m.

    Not bad from just one chunk of the deposit and doesn't put a value on any copper or silver etc. that may also be contained within.

    All speculation of course until the assay results are in and a JORC compliant resource statement can be issued. Lots of drilling and testing to be done before then.

    Nice to dream though :)
 
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