So whats a gold deposit with JORC 2012 - 7.0Mt @ 1.9 g/t for 431,000 ounces
with additional drill results of
Results from drilling program discover high grade intercepts:
10m @ 8.72 g/t from 301m and 2m @ 12.31 g/t from 334m in
BRC019
31m @ 3.56 g/t from 294m including 9m @ 7.18 g/t from 296m in
BRC018
results confirm the continuity of high grade gold mineralisation at
depth beneath the Wonder North pit
10m @ 5.26 g/t from 171m in BRC005 in a previously untested zone
NW of the Wonder North pit
Actually worth?
Well at $1600 an ounce that's $689,600,000 at least in contained metal
Is 10% of that reasonable???? $68, 960, 000 or about 28c per share.
I dunno, they are pretty good deposit extension numbers which would lead to a significant resource upgrade and its obviously not the end of the deposit. Is $100mil unachievable?
This website suggests %10 is achievable.
https://www.911metallurgist.com/blog/how-to-value-gold-deposits
