How much is gold in the ground worth?If there is no plan to get to production or cash flow?
If the MRE and FS show 7 million ounces for example. Would it be $100US an ounce? More or less?
I know there are many factors involved. Like the costs to extract, if it was underground or open pit, the costs to build a mine and the timeline. How large an area it is over, depths. Much of this will come out in the FS.
But on average, there is a very wide range in how much the gold in the ground is valued at. There is also the added value that NFG properties have hardly been touched in terms of drilling, so whatever the MRE states, there is much more gold there.
What do people realistically think, if they come out with 7 million ounces proven and probable?
A billion dollar market cap? More? Less?