World Class and Undervalued8 Aug 2018 12:28
From Solg Cautionary Notice "Standards drawn from industry experts (1Singer and Menzie, 2010; 2Schodde, 2006; 3Schodde and Hronsky, 2006; 4Singer, 1995; 5Laznicka, 2010) have characterised "World Class" deposits at prevailing commodity prices. The relevant criteria for "World Class" deposits, adjusted to current long run commodity prices, are considered to be those holding or likely to hold more than 5 million tonnes of copper and/or more than 6 million ounces of gold with a modelled net present value of greater than USD 1 Billion."
Solg say by this definition, Cascabel is World Class.
Net present value of greater than USD 1 billion, should put us at around 50p per share at least. No wonder NM says we're undervalued.
IMHO, DYOR, GLA.