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Sandstorm Metals & Energy Ltd STTYF



GREY:STTYF - Post by User

Comment by elmothefearlesson Feb 19, 2013 4:12pm
465 Views
Post# 21012183

RE: SND's Potential return on Entree Gold

RE: SND's Potential return on Entree Gold

I did the calc's and came up with the exact same number, but he is looking only at HNE I believe, if you include Heruga (not in the mine plan), it is up to $240 million, and to be totally honest, these deposits are NOT defined, and our return is probably over $240 million on an undiscounted NPV basis.

 

I owned shares in LCC (Lumina) at $6.00 when they had an 8 billion lb resource, it is now over 20 billion lb's, the HNE / Heruga resources remind me of Lumina's.  Not saying we will 2x or 3x the resource, but there is definitely more there than already identified.

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