Some of the figures in my last post were rougher than back of an envelope. But the Lycopodium DFS was somewhat more sophisticated than back of an envelope, and at current gold prices the NPV for 60% of the project (and assuming they don't find any more gold) is around 70c/share. Add 12c/share for the cash received for the 30% just sold, and some more for exploration, and there is a fair bit of upside from current prices.
Not to say the price won't continue to fall though...
Some of the figures in my last post were rougher than back of an...
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6763 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 1808 | 2 |
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