SKR unknown

Could Striker become worth $2.20/share?

  1. 29,184 Posts.
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    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
 
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