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.
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