Just looking at CVY and doing a few back of the envelope calcs.
If we can get that 500,000oz JORC mid next year
Industry average EV/oz for gold companies is about $100/oz
Therefore 500,000 x 100 = $50m
$50m divided by 80m shares on issue (lets assume 10m options who aren’t escrowed convert ) then 63 cents per shares.
cvy upside
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