I was going over the numbers in our heads with an associate this morning , using A$100 a gram gold , and they have around 4.5 gram a tonne gold recovered in their resource
even if you take out 2 grams a tonne for costs (mining processing and transport and overburden removal that leaves 2.5 grams a tonne for free cashflow
2.5 grams = A$250.00
$250.00 * 1.5 million tonnes = $325 Million
Dont know about you but if someone asked me for $80M for OAU that is likely to make me $300M in 2 years , I would take it
WGX merger, page-4
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Last
0.8¢ |
Change
0.001(7.14%) |
Mkt cap ! $50.04M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $11.05K | 1.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 36387792 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 9960128 | 9 |
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| Last trade - 12.41pm 08/10/2024 (20 minute delay) ? |
| OAU (ASX) Chart |