thanks wombat, I think that's an illustrative comparison. Looking at the funding required and their past share price history clearly the big jump in value was the equivalent of the JORC and looks like around 500m was required to build the mine etc (with approx 200m in a cap raise). I think this is a really good long term prospect but the hurdles to jump explain the lack of rise in the share price. The snow lake ipo and further drilling at estelle should get the share price moving GLTAH
Ann: Potential for a Globally Significant Gold Project at Estelle, page-27
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