why is sbl ev/oz soo low?, page-9

Im sure we have all read the annoucements stating the ev/oz values.

At present the Mkt Cap is approx 60m and with 1.47M oz Jorc gives an Ev/Oz of approx $40 an oz.

SBL only owns 70% of the deposit


I am not a mining expert but is it something to do with the actual recoverable deposits?

Stay away from EV/oz numbers. They overlook grade, mining costs and capex, etc. In other words, everything that matters to make a profit.

For example, according to EV/oz, 1,000,000ozs @ 1g/t is the same as 1,000,000ozs @ 100g/t.

I'm not an expert either but I have a pretty good BS detector.