OTCPK:MEAOD - Post by User
Post by
JRaffleson Jan 12, 2014 11:24am
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Post# 22082446
BL Total Resources 1m ounces + ?
BL Total Resources 1m ounces + ? - some 2 years aor more ago, directors rpeorted that they had about 7 years production.
- Generally, miner seem to aim for a stready state of about 10 years resources, based on budgeted production.
- In the 30th November 2013 presentation, it was reported that Metenor will spend about $4m in order to increase mill capacity and by implication mine output, to 90,000 ounces of gold.
- It seems possible therefore that, with 10 years production in the ground and mill capacity of 90k ounces, then Total Resources may be ~ 1m ounces at BL.
- A producer, with ounces in the ground, could have a valuation metric of about $150 per ounce.
- This would put the market cap per share at $0.56 ($150m /267m shares).