Apologies to those who are colour blind, this will be of no help at all.
The Bell Potter had a great key to help unlock the understanding of the Bombora deposit. So many dots, but what do they all mean? Well, here it is:
It's all very mind-bending, but i can see a nested 2.2km long open pit, with the open pit resource being highest in the northernmost 800m, followed by the middle 600-700m and lowest in the south. A minimum 1.5mill oz in my book, with another 1mill+ oz potential from underground. All with favourable strip ratios and excellent gold recoveries. So my patented 'half bottle of wine' valuation is a MC of $187mill (2.5mill oz x $75), or about $1.30 in the short term and about $2.50+ in the medium term, as the project is de-risked.
My guess for the maiden JORC is about 1.35 mill oz @1.9g/t. And it is a guess.
Add to My Watchlist
What is My Watchlist?
