RE: Exciting week ahead27 Sep 2020 10:25
Clogau - "Historically, the gold has been found in exceptionally high-grade pockets, with bonanza grades running from 10’s to 100’s oz/t Au."
Alba can process 3 ton/hr pilot plant which will be established on/near site. That's only a PILOT plant by the way, it can be increased in due course!
If they can get even 1 oz per ton, at 25 tons per day approximately, that would give 25oz per day, 550 oz per month, 6500 oz per year.
At net profit of even at $1000 (although Clogau achieves at a minimum double the spot price, so expected profit significantly higher), that's £5m profit per year. Add the premium for the clogau gold, add the fact that 1oz per tonne is probably the most conservative measure you can find (what if they can achieve 10oz or 20oz per ton???), then you have huge net income of between £20 to £50m.
Market cap- £24m.
P.s. this won't be 6/7p (like ST mentioned) today. But i everything goes Alba's way, then can see this being the case in 12 months time for sure. Short term though, 2p should be easily achievable. This is only my opinion, investments go up as well as down., DYOR, invest what you can afford and all that stuff.