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5.71% 3.7¢ orpheus uranium limited

scoping study, page-13

  1. brakar
    854 Posts.
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    13/11/08
    15:17
    Post #: 4495353
    To elaborate further:

    The cost to build the mine is US$310 million
    10% of that is US$31 million
    US$66.5 million minus US$31 million = US$35.5million.

    So ANTAM payed US$35.5 million for 10% of a ~7 million oz equivalent gold resource which is about US$50 per ounce.
    ORP Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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