RE:RE:The SNIP, NI 43-101 Technical Reportlumpy13,
You raised a valid point. It would be difficult to justify the market cap of C$562 M based on Snip RE alone, since it amount to pproximately some 15% of the flagship OP project which has 4Moz in its resource estimate. SKE is trying in crease the RE to 5Moz at 5gpt. At 4-5Moz RE and a very high grade( 4-5gpt) for OP it would be possible to justity the market cap: 4.5 Moz x C$125/oz = C$560M. Snip can be thrown in as a bonus of around 15% (or C$ 100M), but by itself it would not possible to account for a C$0.5B market cap. The 4-5Moz OP with a phenomenal grade of 5gpt would have a much better chance to go beyond the current market cap.
Weigh in if you have a better justification.
GH11
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lumpy13 wrote: You're belief that Snip alone justifies a C$562m SKE valuation based on 646k oz seems rather rich. Please walk us through your logic.