Proxy Valuation of GabaninthaBryah Resources owns the Tumblegum South tenements adjacent to Tumblegum North in the Gabanintha tenements of Monument .
Bryah has a market cap of $9.5 million and has drill delineated 600,000 tonnes @ 2.2 g/t Au for 42,500 oz Au.
Gabanintha has 2.2 million tons @2.2 gms/t for 156,000 ounces.
Based on a very good proxy in Bryah, Gabanintha would be valued at about $36 million.
This also happens to be the valuation of ODY for 80% of Tuckanara which has 81,000 ounces
So, the valuation computed this way is very realistic if not conservative for Gabanintha.
Extrapolating Bryah to Murchison which has 550.000 ounces would value it at $115 million not including the mill and mining camp.