1m oz. 50% earn in = $600m. Buyout valued on 10% of asset = $60m = £38.9m. £38.9m = around 1.04p sp based purely on the one asset. The currency exchange rate on the day and the % of asset are very big factors in the calculation. But the biggest factor are the reserves as dictated by the JORC. So if this hypothetical sale went ahead the figures typed here may be so far out that NASA would still need another 1000 years to find them. Once we have a JORC that is massive, we all smile. Until then, we just grow older waiting.
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