RE: Know what you own14 Jun 2024 10:49
Why would anyone read some ones, own, made up amateur blog , emphasis on the made up , when plenty of professional sites out there with realistic and well thought out pricing and risk based methodology available.
Nothing is ever revenue, its production minus costs , or a much lower value in the ground rating, mostly based on proven reserves , not what might be found.
Some need to look deeper, GGP mentioned earlier, not a good yardstick, for many years they said had up to 18 Telfer lookalikes on their land, Telfer a 17 Million oz mine (18 over 300 million oz) Owners of Telfer came for a look and agreed.
A £1 billion market it reached, perspective people, look at what 300m oz of Gold worth, GGP at its peak was a small fraction of that 18 deposits potential.