RE: EV's / Mankayan6 Jun 2018 11:20
Indeed people forget to realise this is a monster resource, many copper exploration plays on the ASX are many multiples of our current SP and YEARS away from proving a resource to the standards that we have! It would only be a fraction of our size....
This is a world class large, well defined resource with no doubt CONSIDERABLY MORE GOLD/COPPER THAT CAN BE UNLOCKED - look at Goldfields, their 40% owned FSE is just under 20 million ounces, with Nick Holland publicly stating they have well over 50 million in the ground based on their drilling and other work. We have only unlocked a fraction of the resource at Mankayan with 4.3 million ounces of gold, I have no doubt we have well over double that in ground.
Goldfields have no place to go - they have to develop FSE and it only makes sense for them to take out our asset if they go into development.
Goldfields paid $230m for 4,000 Mlb copper & 8 Moz gold attributable to them
BZT have 3,000 Mlb copper and 4.3Moz gold that is JORC compliant.
Use some logic here......