GES owns 62% of the Plavica Au-Ag-Cu deposit in the Republic of Macedonia. Lastest JORC statement gave the following inferred resource from surface to 400m depth
15.2 MT
Gold 0.9g/t
Silver 15.3g/t
Copper 0.28%
These grades give a gold equivelent of 3,468,000 ozs @ 1.9g/t. So what is so exciting about that?
Well, GES is currently trading at a price which values this deposit at less than $11m. Or $3/oz
Add a few interesting exploration sites around Australia and GES is a stock worth watching, IMHO
My valuation: 64c
GES owns 62% of the Plavica Au-Ag-Cu deposit in the Republic of...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.914M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 530539 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 1000000 | 1 |
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| Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
| GES (ASX) Chart |
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