RE: Valuing Taragold Minerals.True. But can't we make a really rough guess.
I have following proposition:
Let's do a really rough count:
0.50c/share
30M out --> let's count with 100M for rounding purposes, therefore: current valuation of 50M
With goods in the ground at 950$/t we need +-53000 ton at 2.65kg/dm3 (too low but hey) so, we need 20000m3 of this high grade ore.
That's at an uninterupted depth of 1m exactly 2ha of the 1600+. That's not so bad.
For every other 2ha we find, we double our value.
Now let's be merciful for ourselves and say we find a whopping 40ha of this stuff (1ha high grade for every 40ha property)... that would be 10$ on quite a long term. Total speculation of course.
Anyway I hope Tara Minerals puts production first and major exploration second. I have the impression it will be like this because it is stated that way in the NR. This is the bootstrap model of mining which is in someone's opinion best for creating shareholder value. (I just read that somewhere - https://www.321gold.com/editorials/moriarty/moriarty120606.html)
That was the limit of my ability,
have a good day.