Post by
5Nlm5an5 on Apr 17, 2021 7:30pm
New additions to Solaris Presentation
I was reveiwing the April presentation today, in the appendix are a couple of slides that indicate that Solaris management think Warinza will possibly grow to 6-9 billion tonnes.
on another slide they illustrate what potential values analysts put on deposit sizes with the kind og grades they are getting.
For example the market cap at present is approx. a billion $ which is the upper range for the deposit value of 124 million tons. That was the original resource size based on 30 holes not exceeding 200m. The new drilling has incresed that vertical dimention by 300% plus..
The geophysics and successful hole drilled off target at Warinza west increases the long dimention 200%.
Do the math, this is going to be a wopper, $20 within 18 months may prove convervative.