I have finally had the time (very quick) to look at this one
@snakepitt !
I know a lot of the CRB investors are in on this one also.
I have tried doing the modelling and I cannot get it to work based on the current resources. They simply need to find more gold to get this thing off the ground.
The modelling in the analyst reports use EV/Resource Oz but I am concerned that this is misleading due to the possible large relative CAPEX on this one.
Based on my analysis the market must be pricing upside in exploration. I understand that they have just started a pretty significant drill program so I will keep on this one as a very potential investment opportunity (and lose any gains in the meantime).
I know it is
super early but is $1065 AISC reasonable for this one or can this be expected to fall?
