valuation

Based on the information supplied in the latest quarterly report, the Ellendale 9 Resouce alone is worth approx 30c per share.

I based my calculation on:

Inground PV = $498m

$12.5 per tonne operating costs with 29.3 million tonnes of dirt to sift through = $366.3m

This gives the NPV of $131.8m, which equates to around 30c per share (based on 428m shares on issue)

Now, do we have someone on this forum who has the knowledge to do the rest to get the approx total value per share?