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2.50% 10.3¢ navarre minerals limited

Waiting for the next batch of drill results., page-9

  1. rivermore
    2,603 Posts.
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    10/12/16
    05:56
    Post #: 21242732
    Actually I make it to be 50,000 sqm x 2m deep gives 100,000 cubic metres. At SG of 2.5, thats 250,000 tonnes x 41 grams which equals approx 10,500 kilograms of gold or 365,000 ounces worth around USD$400M. Not bad for just the possible surface gold of an A$12.8m company. DYOR and this is very hypothetical of course. You also need to allow cost of mining at surface (sorry, trying to be funny now).
    NML Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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