Sorry JR, yep, I'm still here..
How long is a piece of string??
I would have thought (IMHO) , SP should have been sitting around high teens prior to this find. After this find,, ? Still early days without a JORC. ? Hi Twenties,, but its pretty subjective at this stage.
If at some stage further down the track they have a large find in NSW (1m + ozs) or TC, you could argue for a market cap 4-5 times what it is.
You're next query, will be why...
I'm not an analyst or a geo,, but if you extrapolate value of gold in the ground with numbers I remember from somewhere,, then they are the numbers in my head. (I researched value of gold in the ground at one stage to be valued at between US70-$150 with lots of conditions and exceptions)
Feel free not to press the "Great Analysis" button.
I'm an engineer and small businessman by profession,, I pick up stuff, and try make my own deductions. I believe we're on a winner,, and that the market will work it out at some stage in not too distant future.
Sorry JR, yep, I'm still here.. How long is a piece of string??...
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