Investors digestThis weeks investors digest has copy of Wellinton West report by Trevor Turnbull. Among main points are:
-deposit extends for 1.2km and remains open at both ends and depth
-significant high grade intercepts to vertical of 550metres
-much of deposit yet to be tested below 250 metres
-feel signif. upside from continuation of Roberto zones, but also from nearby targets in similar host rocks.
-valuation of $6.39 based on resouce estimate of 1.7 million onunces with a 90% recovery. Target of $9. Using gross margin of $125 US per oz based on gold price of $425US