RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:About Frank's resignationboss_waz wrote: So just for clarification, you see the valuation for gold in the ground at roughly $4/oz (if I calc correctly)...based on 11,000,000 total oz (your average).
Did I not just see takeovers over $50 /oz (or was it over $100/oz)...?
Dont have the data in front of me but I believe BGM grades exceeded recent examples, by 2x (although no EA yet...just spitballing).
So are you saying that buyouts should fetch 10-40x in-situ?
That seems high...
Perhaps a better question might be at what point (or points along the way) should BGM acheive higher valuation for in-situ as they march towards the $100 (or more) buyout price...
Keeping in mind that its been over 20 years already, and there are 30,000 cores and countless trenches...and a sample open pit confirming targetted grades...
I guess m saying that there should be very little mystery left...other than perhaps Economic Assessment on a large scale....and the land claim is further evolved than $4/oz...
Or here is another question, if the EA is the last major step (lets just say) and with 'potential' buyout pricing at $100/oz (say), then once the EA is complete (or PEA) how close to the buyout pricing should ANY in-situ gold be valuated (certainly not $4)?