Any guesses re new resource/reserves statement?
Since the 2020 numbers of 4.2 M oz Aueq open pit indicated and inferred of 2.27 M oz, Troilus has drilled 100,000 metres, about 50,000 of that at the Southwest zone.
Does anyone here have an educated guess as to what one might expect from all that work?
Just going by the 2020 numbers of 6.5 million ounces M & I, at 210 million shares outstanding you have a market cap of $138.6 million or $21.32 Cdn per ounce in the ground. I'm not counting all the warrants because they're far out of the money.
Meanwhile, just rough numbers, but Artemis which is about 2 years ahead of Troilus and has financing lined up, has a market cap of a little more than $1.2 Billion. On 8 million ounces, that's C$150 per ounce.