It would be good to get some estimates on what people think AW is worth.
Total Resource (Measured & Indicated only) = 371k ounces (at about 10g/t)
If they can get $40 an ounce that is around $15mil
If they include the Inferred resource that total goes up to 500k ounces @ $40 an ounce that would be $20mil.
I struggle to understand Andy Well. They stated that the Judy & Wilber were in decline (when they put it on C&M), but they have some spare cash now, so couldn't they do a bit more drilling to find out which new direction they need to dig to extract the rest of the gold?
At last full quarterly before C&M was annouced (Mar 17) the AISC was $1498/oz, but that was under previous management. If Leigh could bring that AISC down to $1300-$1400 then I think it's worth keeping and starting up again!
As $200-$300 per ounce in the pocket is much better than paying out the current care and maintenance costs.
What do people think it's worth?
It would be good to get some estimates on what people think AW...
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