So would anyone like to attempt a rough valuation?
If my calcs are wrong or missleading or I should be using a different method I am open to suggestions and eager to learn so please let me know.
13.2 million tonnes @ 2.4g/t for roughly 1,018536 Troy Ounces @ US$923.59 = US$940,709,343.00 TIMES 75% ownership = US$705,532,007.32 times A$0.9585 conversion rate = A$736,079,298 @ say 10%IGV = A$73,607930.00 divded by 191,788,807 (including options) = 0.38 cents per share? I think this is very conservative but the value is too exciting to contemplate if I use anything else.
Then of course there are the hopeful upgrades, coal, uranium and diamonds. Yes. I said it! Diamonds!:-)
Having said all that I was exceedingly dissapointed in todays effort. :-(
Cheers Gazzat
ORP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
