With reference to
Gabanintha Pre-Feasibility Study and Maiden Ore Reserve
Using column 1 of Table 2 Key Financial Outcomes (US$) gives USD 125M --> AUD 125M * 1.38 = AUD 172.5M, which is about a 5 bagger at present mkt cap.
Perhaps more realistic worst case is column 2: USD 280M = AUD 386.4M. which is about a 10 bagger.
These figures do not take into account
[1] possible changes in measured, indicated and inferred resource
[2] change in the level of cooperation* between AVL and TMT.
* There is no doubt in my mind that one mine at Gabanintha is better than two.
With reference to Gabanintha Pre-Feasibility Study and Maiden...
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1.6¢ |
Change
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Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $19.32K | 1.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 31134484 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 10443280 | 19 |
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