Post by
seveneleven711 on May 26, 2021 9:00am
fyi
The following is why just the Lisle Zone alone of the HAT property is worth $3.00/share to DBG without Cobalt included and results from assays not yet included or the rest of HAT not included.
First read the following and note I will use a very conservative .35% CUEQ in my included calculations. But look at the CUEQ grades in the read.
https://www.bloomberg.com/press-releases/2020-07-06/re-transmission-independent-technical-review-confirms-the-lisle-zone-of-the-hat-deposit-as-an-alkalic-cu-au-porphyry
____________________________________________________________________________
650m x 920m x 620m x 2.5 = 927 million tons @ 0.35% CUEQ
927,000,000 x 0.0035 x 2209 = 7.2 Billion pounds CUEQ @ $0.06 = $432 million MC
$432 divided by 150 million shsres = $2.9/share without cobalt
Best to be conservative but who knows what news is coming?
Comment by
Cr00ks604 on May 26, 2021 9:47am
Good grief. The stock price is going to crash when the market finds out DBG will not get anymore permits to work. Not saying the ground is worthless, but if it's not coming to the surface it's only ground = moose pasture for future generations. Get it now?