Hi Donald ,many on this forum ST 78,Crom Valen & others incl. yourself have far more knowledge and expertise than
myself (I'm still learning)however what the hell no harm in anyone having a go.
In broad figures what have we got so far ?-off the top of my head :
We're talking gold at this juncture:
IRC 562,000 ozs(Anthill,Teal(3rd stage),Anthill etc etc yet to come.
Add say EGS * 171,000 ozs
* let's assume we grab their 50% of the JV.
MRP Boolara 507,000 ozs
" Nimbus 78,000 ozs
Total existing 1,318,000 ozs
Potential additional: Anthill etc etc + Boolara
we should in next 6-9 months not be too far from ~2m ozs.
I would have thought that would be in the near term with much higher to go.
MRP also have 20m ozs of silver (A$20 per oz).
This doesn't take into account our vanadium !
Add to this the rising price of gold in both USD and AUD terms.
If the AUD weakens further WOW we could be looking at AUD $1,850 per oz.
I would imagine JP could easily double the grade of Boolara as the 507,000 ozs
is < 1 gt and recent MRP announcements seem to support that.
Hopefully the geologists and other experts here can add their own opinions.
Much to look forward to IMO.
IRC Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held