RE:RE:RE:New discovery Thank you.
Very consistent with my analyses.
Those long continuous mineralized intercepts make for early MRE estimates based on modest drilling data...like SGD
NPV5 of $501 million US is $675 million in CAD.
Gold stocks typically trade at 75% of NPV5 which is a market cap of about $500 million CAD....$9 per share .
We are still very early in the exploration stage but to have drill defined sufficient gold resources for a starter mine in just 2.5 years is exemplary .
We are on a district scale discovery here.
Where it ends up cannot yet to estimated but district scale gold discoveries usually are in the substantial billion dollar level .
At some point before that, K will buy out the gold assets leaving us with the still substantial Massive
VMS discoveries that could be even bigger.
Some might gasp about $20 eventual share price ....a mere $1 billion ..but that value has a realistic
basis.
Sprott and our family are substantively invested here.
Merry Xmas to all