RE:Question -
Osprey low debt. $2.595M market cap/288,000oz = $9/oz. All inferred.
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The ANX / OREX merger valued goldboro at $15/oz with a PEA. I imagine that Forest Hill and Tangier would be valued at lower priced per oz, say $10/oz for less well developed resource and without a PEA.
Goldboro was 457,400 Measured and Indicated ounces of gold and 372,900 Inferred ounces.
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Osprey is approximately $10/oz for inferred.
If Goldboro went for $15/oz with a 50/50 mix of indicated and inferred.
That suggests that indicated is valued at $20/oz.
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Forest Hill has about 326,700 ounces including 73,500oz of measured.
Tangier has 173,200 inferred ounces.
73,500oz measured at 20/oz $1,470,000
426,400oz inferred at 10/oz $4,260,000
Total $5,734,000
The exploration assets are carried at $1.278 million on the balance sheet.
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Dufferin's indicated and inferred are baked into the development project.