RE:Drill intensity Conversion of 2.5 million ounces to ReservesFor obvious reasons, doubling the mine life will more than double the discounted NPV.
My research shows that the discounted NPV will increase by about 2,5 times when LOM doubles .
So, NPV5 of $630 million US at $2000 POG becomes about $1.6 billion if the LOM doubles .
Thats $2.3 billion in $C which is about $8.50 per share .
Based on Current gold Resources, ignoring exploration upside and ignoring that feeder zones exist below almost all open pit gold mines, it's almost certain that GAU will double the LOM within the next 2-3 years , as infill and step out drilling increases and converts our MRE gold Resources to Reserves.