As per the last announcement,
- 33 holes drilled
- grades of 3+g/t
- existing 500,000 oz JORC resource
- these results are 8 of the 33 holes so would assume a consistent amount of news to follow and company already stating that these are to add significantly to the 500,000oz
- Current market cap fully diluted ~ 16m
Assuming a 25% increase to 625,000oz and then place say a $50 per oz in ground you get a double in price? And compared to others I think you can get away with placing 80-100/oz
Am i missing something here or is everyone else?
500koz jorc for 16m mc??
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