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
I was going over the numbers in our heads with an associate this...
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Mkt cap ! $35.70M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $209 | 41.80K |
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| No. | Vol. | Price($) |
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| 63 | 73141698 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.5¢ | 2020577 | 3 |
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| Last trade - 10.06am 18/06/2024 (20 minute delay) ? |
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| Last updated 11.27am 18/06/2024 ? | |||||
| OAU (ASX) Chart |