OAU 0.00% 0.6¢ ora gold limited

Savannah North has an NPV of $80M at $6 per pound (v's current...

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    Savannah North has an NPV of $80M at $6 per pound (v's current spot price ~$4). Assuming E80/4834 has a similar size resource then potentially the value of that tenement to THX is 1/5 of that. Alot of water has to pass under the bridge before (a) Nickel recovers to that level (highly likely it will in 2-3 years) and (b) PAN extends their exploration west into the JV tenement (as above already making plans).

    Real sleeper for THX. Recovery in iron ore price will be linked closely to a recovery in nickel prices.
 
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