SunnyS, you might want to re-calculate the resource based on an 'in-ground' valuation. My understanding is that 50cents per ounce (not $30+) would be a good place to start. Even at this low rate, it still represents a value (based on 4770 tonne)of $84+million.
Should the assays be 'above average' (as I suspect they will be WAY above average), then this figure would be deemed conservative by most in the industry.......... despite the remote location.
Run these figures over 12.5mill shares and you would have to expect a share price well north of the current 35c.
Regardless, this is a massive silver resource with history and with the current geopolitical unrest and the continuing demise of global fiat currencies, prospects for the increase in silver prices, only adds greater value to the project.
I am sure all will be revealed reasonably soon, with celebrations all round!
ROS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
