I figured that once they confirm the jorc resource (based on the historical drill duplication or verification), as well as then indicating a larger "exploration target" (due to entire historically delineated resource probably not being up to jorc standard.. so two figures.. jorc resource and bigger "exploration target"), that then we maybe see some figures getting close to that minimum 200k tonne co at 1%minimum grade, being stated...
200k tonne co at 100k aud is about 20bill aud..
At 60% tar share is about 12bill aud worth..
At 1% insitu resource value, that is 120mill aud..
versus current market cap of 27mill aud..
I believe that avz got to just over 600mill aud market cap value at the height of its relatively recent highs..
Even if tar got to 2% insitu resource value (based on the above numbers), on a spike up, then thatd be about 240mill market cap worth.. take out 10 or 20mill aud to be raised for future resource delineation etc.. then there is still about 8 time increase in marketcap potential..
Definitely has compelling potential to do some good things
Will sit tight for a potential few bags, and see how it goes...
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I figured that once they confirm the jorc resource (based on the...
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