very hard to estimate with current info that we have becuase we don't know exact costs of getting the gold out of Feysville & if any captial will be required & what will be gold price, etc...
but if we want to look at history, based on Mandilla project gold, SP achieved 13c as a peak value, so we don't know whether Feysville will have the same characteristics of Mandila or not but that could give you some ROUGH idea to what could be a value based on the historical success story of Mandiala project.
considering the pity value of 4c on Friday, that's definetly a "POTENTIAL" multi-bager company IF & ONLY IF everything goes well.
also, we don't forget the potential of KOONGIE PARK. I can proudly say from my previous calculations that if/when KOONGIE PARK is announced a goer, we would have REVENUE FROM KOONGIE PARK of what could be up to $1.00/share over the life of the share of 5 years but again this is ONLY A POTENTIAL at this stage & subject to metal prices continuing going higher & many other factors.
this is only my own opinion, pls DYOR & I hold & am biased!
cheers,
AAR Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
