Just did some calculations from figures in todays ann. re farm-ins with GRN.
The Seppelt1 pipe which is currently being bulk-tested contains an inferred resource of 1.7 million tonnes at an average grade of 40cts/100 tonnes.
Previous yields have gained an average of $US58.00 = $AUD107.00.
There are 330,851,128 shares on issue.
My calculation results in that being worth $2.20/share.
And then there is the potential for gold discoveries....!
And there are all the other pipes.....and the JV's...!
Anyone want to check my calcs & comment?
Cheers
GZ
SKR
unknown