The closest company on the ASX that I can see to your estimate would be BGL regarding AuEq. Even if your out by 10/20% it seems like a fair comparison? It’s pure play gold with recoveries likely higher than expected here though.
They just released a resource of 4MT at 11.8 g/t for 1.53Moz but going as deep as to 600m, Open all directions with more upgrades on the cards in Q2 and that includes a high grade zone of 22g/t for 500k oz.
Current MC $A225m with ~$10m cash.
I think the disconnect right now is just getting that resources put down on paper and promoted along with the expansionary upside potential
Ann: Adriatic delivers Thickest & Highest Grade Intercept, page-80
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Last
$4.17 |
Change
0.040(0.97%) |
Mkt cap ! $918.1M | |||
| Open | High | Low | Value | Volume |
| $4.15 | $4.20 | $4.14 | $900.3K | 215.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $4.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 61737 | 7 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
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