we will have to wait for the next updated study, to see what the new numbers are so can not work that out. i ask my geo a couple of weeks ago what the gold industry worked off........
in ground gold value is $40 to $90 per oz
but goldies with reserves are any where from $100 to $250 per oz
spott had a value of maybe around 500 mc
so... 2,000,000 oz/au at $250 /oz = $500,000,000.... but this is a freak deposit so they may value it differently.
imho 2,000.000 oz is just the minimum !!! they have a heap of other ground to drill plus there 700m deep drill to come. will not be surprised if they end up doing a drill down to 1000m. from the start i was aiming for 3 million min! as in sprotts report this could be a multi million oz project!
Ounce potential, page-11
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