RE: Gold above $15008 Aug 2019 12:08
Well, normally gold in the ground can be worth anything from $10 to $200/oz directly added to the Mcap, depending on grade, ease of access and processing, jurisdiction, local taxes and labour costs etc. That's fully drilled and scoped out but without any mine development at all. That would be the normal sale price range should someone wish to buy it off us. However, with Welsh gold apparently going for 2-3 times the normal price it's anybody's guess what the premium would be. It would take a lot of drilling, a lot of cash and quite a bit of time to get a JORC done though.