RE:Kenorland StudyThank-you for your post regarding the Kenoreland Study on Moosehead results. Moosehead is an under valued deposit to be sure.
Taking the next logical step Geezer21, yields 5 million ounze multiplied by the gold price of lets say $1500 per ounze. This yields an insitu deposit of $7.5 B. Typically the insitu value will vary between 10-20 percent depending on access to the deposit, depth of the deposit, grades, access to needed infrastructure such as roads and electric power. I believe Moosehead scores very well on the infrastructure component.
However, in my view, Mr Froude needs to connect all the smaller deposits together into a single deposit and provide a 43-101 compliant Resource Estimate followed by a PEA. Third party RE and PEA will confirm all the infrastructure components are in place.
None of my review includes the Kraken lithium potential or the Iron Horse project values. If I remember correctly, The maiden drilling at IH intersected 27% iron ore at a drilled depth of just 10metres.
Taking an insitu value of only 10% gives us $750,000,000. When you divide that by 204 million shares you get $3.68 per share. Our final share value on friday closed at a mere 0.22 cents per share! Back to my original post...we are very under valued at the moment.
Muff