RE:RE:RE:Resource estimateIm mixed on this one. Take as another example...a low grade deposit in a safe jurisdiction...Vanstar...about 3 million ozs with a lowball market cap of about 20 million. In a good gold market that would be as high as 80 million with huge potential for expansion of the deposit but unfortunately totally in the hands of their partner IMG
Roscan on the other hand ...in as unsafe a jurisdiction as you can get...has a pretty high valuation...but their grades look much better..they control their own destiny..as long as they have money...profit per oz could be much higher than a low grader and of course the exploration potential is enormous..as is the takeover prospect....
Alot of numbers to run and alot of assumptions to be made to trully arrive at some guesstimate of what it would take....and then the chances of a stumbling block at any stage are frightful
still ..Im an optimist...