DrWho2
You got me interested in this fellow, so I did a basic google search.....and the Swancove entity (which I believe is his company?)....
Makes for some interesting reading....though as I've said before current conditions are such that it wouldn't matter who was running the show right now. It would seeem to me, and my opinion only, that Wells has the right idea at present, bunker down, moderate cash outflow but keep exploring the key prospects.
Nonetheless, with 320k oz of gold (at 2.0 g/t average grade) that is an insitu value (before capex and opex) of AUD 413 million.
Not bad for a company with a MC of what, some $4 million and the prospect of a significant cash injection should the sale of the Coogee Gold Deposit proceed....a 24,000 oz resource - what is that worth in today's market?
why davis zorbar?, page-8
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