RE:RE:RE:RE:ArticleWith a current mkt cap of $C38 M and a mineral resource at Eau Claire of 1.35 M Au oz's, a
Mkt Cap/Au oz's would = C$28 per/Au oz. Whereas the average MC/Au ratio for a pre-development play such as ER currently stands in the mid $40's.
This does not include the Eastmain Mine resource of 375K Au oz's, nor the Eleonore South JV resource.
Finding Satellite deposits such a Percival will be key going forward, in that if proven low cost high margin, front loading them into the early years of the LOM scheduel greatly enhances the project economics at Eau Claire GLTA.