RE: Huge buy at a premium25 Mar 2024 10:14
my reckoning on the back of *** packet just this one resource:
according to the mre, bakassi zone 1 contains 5.1 million tonnes grading 2.30 grammes per tonnes of gold, for approximately 375,000 ounces of gold in the jorc inferred resources category
375000 x £2,000 (per ounce) is $750m, if you say 10% its still $75m, orr is a ripe apple waiting to be plucked by one of the big boys soon...