RE:RE:RE:RE:RE:RE:Pipe Dream??? Sure. Just remember that I am a mere layman, and these might be all dreams (but they do not seem to be totally off the charts, at least when I try to have a go at it!)
We (as on the forum) did some rough estimates earlier, but I'll start out by posting this: https://www.youtube.com/watch?v=NhddQIiKo9o&t=2426s
Here CT mentions $4B (he is actually saying that he is NOT saying $4B, but then he sorta laughs about it..) when comparing LP to Hemlo.
Then we have our own (own as in forum) rough outlines, beginning on Post# 30954316, April April 26, 2020 - 05:52 AM where I wrote:
"I just read the april 2020 Stifel coverage, and I cannot get my head around the $11 estimate. I have naturally read the other comments on the board regarding this, but felt I have to chime in a bit.
If we do a very simple calculation, just for fun, and estimate an ore body along the LP being 4000x150x500 (lLxWxD) meters big, that is a total of 300 million cubic meters of ore. A cubic meter of bedrock weights approximately 2600 kg/2.6 ton.
300.000.000 x 2.6 metric tonnes = 780.000.000 tonnes of ore.
Now multiply that with what average number of grams per ton gold you can imagine within that block of bedrock and $11 seems a bit off the mark. Or am I missing something here?
(I tried to calculate the gold content in that block at an average of 2 grams/ton, but the numbers got so big I just could not quite fit my head around it and got the feeling I was doing something wrong. Anybody care to actually do the math? Just for fun?) "
In the following posts you can see how way more sensible people than me chimed in, adding to the discussion and making quite plausible what we might got. Then add to that todays numbers, which I feel widens the ore body quite significantly compared to what the previous discussions sorta converged on.
But I do only guess, and I freely admit that. However, reading todays news, and factoring in that we have yet not one single hole going deeper than 500 meters, it seems to become more and more clear we got a tier 1 asset on our hands., with possibility of having it getting way bigger than it already seems to be.
But also... Factor in the following: Location, size, close to surface and an ongoing pandemic with geopolitical consequences all speaks for Dixie to fetch a pretty steep premium. As of now many of the large companies that might be interested in Dixie operate in parts of the world where no nations are in on the positive SWAP side of the US dollar. Watch this, if you have not: https://www.kitco.com/commentaries/2020-05-01/The-importance-of-a-dollar-SWAP-line.html
I firmly believe that investors will start (or already have) looking for tier 1 assets in stable jurisdictions, and will be willing to pay a premium. We are looking at a situation where it is not unreasonable that we will get to see a rather intense bidding war on Dixie.
Thus I forsee that $80 (CAD) is well within reach. For LP alone. If we then factor in other parts of the claims, and if we hit gold there too, the sky is the limit.