With that new report that came up, we are looking at 100,000 cubic metres of 1.22 ounces per ton. A cubic meter after looking on google says it is roughly 1.5-2 tons (weight of rock). So, between 100,000 - 200,000 tons x 1.22 ounces is 122,000 - 244,000 ounces of gold, low end. Do the math on the price of gold.
How do you calculate $21 mill in cash freeing up? Profits from Indonesian JV cannot be used outside of Indonesia, hence reworking the JV, I understand. Quarterly says they had $136,000 in cash as of Feb. 28, 2024.
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