Quite possibly. I read an interesting article recently that valued companies at $40AUD/oz at Pre-Feasibility stage and at $80/oz once the Bankable Feasibility Study was completed. At 5Moz (which is likely to be closer to 6 with this gold price) that gives a market cap of $400M or just over double what it is now. But it will be hard to get through the $1 mark until construction is underway. So be patient. I would think that a gold loan will pay for the plant - only 300,000 ozs needed at current prices to pay for that ..... at 60,000 ozs over 5 years - it's only 20% of production. The project is a no-brainer and worth $1.4B NPV from the Diggers and Dealers presentation. With the exploration acreage and cashflow from operations, there will be nothing stopping this Juggernaut.
CDV Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held