The question was: what is the value at 1.1 moz jorc
EV/Resource oz Au peer average is A$174oz EV/Resource oz AU LRC average is A$14oz (basen on a JORC of 1.1 M oz Equiv.)
LRC MArket Cap = $14M - should be $173M (15.5c) per share to reach "peer average". I would, in my opinion expect 10c a share for a completed JORC of 1.1 moz. If targeting 10M oz then we are looking at a share in the region of $1.50 per share
This is not investment advise, just a simple exercise to answer the question at hand. I am not qualified to offer ANY investment advice and calcualtaions may not be accurate at ALL. LRC EV is based purely on market cap and does not take into account any debt, cash or other factors. DO YOUR OWN RESEARCH.
LRC Price at posting:
$1.63 Sentiment: LT Buy Disclosure: Held
