RE:Provisional Valuation of MurchisonSo, we have Selinsing valued at $0.35 on its current production and Murchison valued at $0.37 on its high grade ore that can be quickly placed into production.
Thats how peer proxy ratings work out but for Selinsing , it ignores the emerging new discoveries at Peranghi and probably Mentique.
But back to Murchison and NOA 7/8 which already has a portal for underground mining, has a close by mill that is fully functional and 114,000 ounces of very high grade open pit oxide gold.
I have two other gold investments in the same category.....a larger resource but one small open pit that is very high grade that they are going to mind first and use the rich cash flows to develop the main mine.
So, reviewing all available information, I no longer want to cash out Murchison for $0.09 or $0.10 per share.
Why would I cash out now, when beginning to produce those assets can give me thriple that..
Which comes around to the LOI .
It better be good or I would vote it down..