Gary's presentation in Germany says Gary in the presentation
1/significantly higher production scenario than the two PEA's individually...combined PEA
2/significantly lower costs AISC for combined underground and open Pit than $700 USD
3?significantly higher resource of indicated and inferred coming.
Next we should see the drill results from Westaway which is the underground and I hope will be a continuation of the good results that were discovered during the last drill program on this new area. by Frances1
Fenn Gibb valued at $65 an ounce compared to ME $25
Interesting to find that Mayfair Gold acquired the Fenn Gibb property from PAAS.
They have a market cap of $130m with a low grade 2M ounce resource.
We have 8+M ounce resource and are trading at a little of $200m.
I have always thought the Fenn Gibb would be good for ME however now that it is valued at this price probably not.
$Nice to see that they get rewarded by the market with $65 per ounce and if that was consistent for ME's resource 5 miles away our market cap would be north of $500M. :-))
Our current Marketcap only about 220 mil.
$bigone thanks; This is getting to be very sizable.
What a delicious big one this would be for one of the top 10 miners. The price target mentioned of $0.65 CA is 64 % above today's closing share price of $0.395 CA.
Wonder if it will be bought out before summer's end? With more discoveries and assuming a strong or stronger gold price would $1.00 CA be out of line???