RE: Estimated value 20% Northern Zone7 Dec 2024 13:04
To add to my last post, for mining companies especially, it's often that they need to undergo further testings, at different zones and depths to understand the composites.
If they have good data, eg: the gold continue to expand into other areas like they have reported, then they keep drilling and continue testing, and if more positive gold data shows, they keep going.
I'm reality, my opinion is that we won't know the full potential here until further drilling is conducted. There might be more gold underneath expanding from the original targeted zones, and then more from the expanded zones, or there might not.
What we do know is that initial data received is really positive, confirmed by the RNS.
I think it's really difficult to put an estimated value with the potentials at play but taken what we know so far, Louisiana have provided a really good conservative base value at £20 million.