IRC 8.00% 13.5¢ intermin resources limited

Merged Coys Mkt. Cap ?, page-4

  1. 682 Posts.
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    Hi Donald ,many on this forum ST 78,Crom Valen & others incl. yourself have far more knowledge and expertise than
    myself (I'm still learning)however what the hell no harm in anyone having a go.
    In broad figures what have we got so far ?-off the top of my head :
    We're talking gold at this juncture:
    IRC 562,000 ozs(Anthill,Teal(3rd stage),Anthill etc etc yet to come.
    Add say EGS * 171,000 ozs
    * let's assume we grab their 50% of the JV.
    MRP Boolara 507,000 ozs
    " Nimbus 78,000 ozs
    Total existing 1,318,000 ozs

    Potential additional: Anthill etc etc + Boolara
    we should in next 6-9 months not be too far from ~2m ozs.
    I would have thought that would be in the near term with much higher to go.
    MRP also have 20m ozs of silver (A$20 per oz).
    This doesn't take into account our vanadium !
    Add to this the rising price of gold in both USD and AUD terms.
    If the AUD weakens further WOW we could be looking at AUD $1,850 per oz.
    I would imagine JP could easily double the grade of Boolara as the 507,000 ozs
    is < 1 gt and recent MRP announcements seem to support that.
    Hopefully the geologists and other experts here can add their own opinions.
    Much to look forward to IMO.
 
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