CVY
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0.00% 11.0¢ coventry resources limited

Ann: Project Secured Adjacent to 6.7Moz Rainy Riv, page-10

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  1. BodgyBuilder
    97 Posts.
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    12/10/11
    21:23
    Post #: 9132993
    re: Ann: Project Secured Adjacent to 6.7Moz R... guys: any guesses as to what the revised JORC resource could be?
    currently 1M oz at 1.5g/t cut off based on underground model

    40,000m drilling since

    my guess would be ~2M oz using 0.5-1.0g/t cutoff based on open cut model

    If so, then that kind of asset for sub 20c company is seriously undervalued.

    thoughts?

    CVY Price at posting: 20.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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