The following chart shows a "back of envelope" estimation of MRE based on known information.
The calculations assume similar mineralisation in a 200m x 200m plot with drill collars located centrally.
Future infill drilling may or may not confirm these estimates.
My calculations may not be correct, if they are close to the mark a good indication of the potential of Luni project can be seen.
With more assays and drilling results due, these estimates will probably double very quickly.
Hard to imagine the outcome as the unfilled plots are progressively included.
An estimated EV/ resource valuation on these figures indicate a current value of around $10.35 per share.
WA1 MRE Estimates
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WA1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.28 |
Change
1.400(7.83%) |
Mkt cap ! $1.182B | |||
| Open | High | Low | Value | Volume |
| $17.88 | $19.58 | $17.67 | $4.057M | 214.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 296 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.28 | 484 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |