HOR 0.00% 0.9¢ horseshoe metals limited

Its a tough one, but here is a comparison, totally different but...

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  1. 595 Posts.
    lightbulb Created with Sketch. 6
    Its a tough one, but here is a comparison, totally different but probably as close as what we can expect.

    Monty Deposit
    Total 1,050,000 tonnes
    • Grade CU 9.4 %
    • AU 1.6 g/t

    Contained Metal
    • CU 99000 tonnes
    • AU 55000 oz

    Talismans share of 30% sold for $72 million less $20 million dev costs
    Net $52 million for 30%

    Horseshoe Lights
    Total 12,850,000 tonnes
    • Grade CU 1.00%

    Contained Metal
    • CU 55000 tonnes

    Horseshoes 100% ? you can work back from the above.

    I would have thought a minimum of $30 million is reasonable

    Cheers
    Last edited by bmloho: 08/03/19
 
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