CVY 0.00% 11.0¢ coventry resources limited

Ann: Project Secured Adjacent to 6.7Moz Rainy Riv, page-24

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  1. 3,827 Posts.
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    re: Ann: Project Secured Adjacent to 6.7Moz R... Not all "reserves" are equal. It depends how easy the gold is to mine. In this instance, economically in an open pit in one location. As yet, this has not been established to beconomically viable and will likely need a DFS. CVY has no tolling option. Forget all the gold in the stated JORC splattered around the place and/or far underground - effectively not worth a cracker, discount it to zero.
 
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