What's a Baloo ounce worth?
$59m market cap less $21 in the tin is $38m, less the $3 spent this current Q is $35m, less say $10m (generous for the base metals??) is say $25m. Over the 264,000 0unces that is an average of $95/oz.
Or for those who put $0(unfairly?) on the base metals at present that is $35m for the Baloo ounces or $132/oz.
Anyways, mere conjecture, however by doubling Baloo (and adding other Polar Bear) ounces it is fair to say that it could have an important effect on value.
Seems like a "no brainer" except that S2R focus seems to have shifted away from precious metals?!???!!!
What's a Baloo ounce worth? $59m market cap less $21 in the tin...
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