EXU 0.00% 17.0¢ explaurum limited

" Re Mace, the forecasts at the AGM ranged from 30,000 to...

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  1. 17,077 Posts.
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    " Re Mace, the forecasts at the AGM ranged from 30,000 to 100,000 ounces. One of the bullish investors was a geologist. We will find out next week".

    I think it highly unlikely we will have the full Mace oz's this year as I understand there is still a lot of testing to be completed over the extensive potential strike.

    However, if it is between 30,000 and 100,000 oz's, then the net income from that over a reasonably short times frame as early as through next year could easily be in the range of $40m to $130m assuming a very, simple, low mining cost of around $300-400/oz !

    Whether the Mace oz's are sufficiently identified in time to be incorporated in the BFS is uncertain at this late stage I would think.

    Nevertheless, to be an independent miner in my view has always been the best pathway.
 
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