GREY:SVVYF - Post by User
Comment by
wilwalon Mar 04, 2017 1:01pm
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Post# 25931862
RE:RE:RE:Savary Gold Provides Exploration Update
RE:RE:RE:Savary Gold Provides Exploration UpdateMBG, sure.
670,000 inferred oz @ US$30/oz = $CDN26.8 million x .695 attributable = $18.6 million
Add subsequent drilling at a succes rate of $10/oz finding costs we can expect about 250,000 oz added to the NI43-101 this fall. $7 million
Add general bluesky, strategic location for Acacia looking to mine the area = $2 million
So $27.6 million or .16/share is full value. In my view, given markets include intangibles and sentiments, it should be trading between .12 and as high as .20 if markets get frothy. .13-.15 is not unreasonable.