10 bagger potential here7 Apr 2016 13:02
Great post earlier!
1. Quantity of Gold
Multi Million ounces
2. Concentration of gold
Bonanza grade up to 104 g/T within their licence block
3. Shares
in issue -- 55 Mill
Free Float = 25 Mill
4. Need for money for drilling
Not needed.
1,75 Mill commitment still pending for drilling as per JVs
Because of the concentration, and the extent of resource the JV partners will be more than willing to spend the money