Now let me know if I've got this completely wrong but I was very very bored and decided to do some very very back of the envelope calculations.
It looks like "the market" has decided $120M is around what our market cap should be. So lets say $0 for South Africa, $10M for historic drilling in El Guyabo so that leaves $110M market value for Argentina.
Lets assign an in-ground value of gold = 5% of current price. So that gives us $2500 AUD x 5% = $125 per oz. (As a comparison the "Road to $1.48" report used an in-ground value @$175 AUD)
Anyway our share (75%) x $125 = $93 per oz.
So if we divide $110M by 93, the market is saying it expects we've got around 1.2 M oz's at Hualilian. (not completely unrealistic)
Now if we've got 1.2 MOz's over a strike length of 1.8 KM that means, if you average the grades out, its end up as $6M of market cap for every 100 metres of strike for a resource which appears to be still open in every direction.
Please remember this may be the musings of a complete fool so DYOR!!!!!
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5.4¢ |
Change
-0.001(0.93%) |
Mkt cap ! $73.83M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.3¢ | $54.74K | 1.017M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20743 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 481350 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20743 | 0.053 |
5 | 428000 | 0.052 |
5 | 461607 | 0.051 |
3 | 235000 | 0.050 |
2 | 371000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 481350 | 2 |
0.055 | 298418 | 3 |
0.056 | 206500 | 2 |
0.057 | 140000 | 1 |
0.058 | 358780 | 3 |
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