Sleeping GiantKeep patient Share-holders...
SLTA-The vein can produce over 500,000oz of gold over a length of 1.3km and a depth of 100m. At a further depth of 400m, the vein can produce two million ounces of gold at an assumed grade of 10g/t gold.
= @todays GOLD PRICE OF $1,300 (500,000oz) this asset alone is worth over $650,000,000 as its sits.
x that by (2,000,000oz) & the numbers go crazy!
This is what we know. The open-pit operation is a HUGE BONUS for SLTA early & new share-holders. Those numbers yet to come, from the looks of early small bulk sampling things look really good!
There's no doubt that exploration is a tremendous driver of shareholder value for emerging companies. What we're seeing is that a lot of the Australian companies in West Africa are having excellent exploration success. In fact, they're getting huge gains on their share prices—200 to 300%—due to exploration success.
Equity markets, doing simplistic valuation multiples on gold resources and reserves, value them typically at $50–$100 an ounce once you've got a significant gold resource established, maybe 500,000 ounces or more. there are tremendous gains to be made through exploration success.