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Regarding Bornoil.. my small idea and review about this stock..
recent news this company found around 22,200 auns of gold deposits..
im trying to study n do some simple calculations.
22,200 auns coverted to kg around 792kg.
latest gold price around RM270/g
so estimately around RM 213 million worth..
but then i saw annualy company's revenue is less than RM 100million.. Hmm..
Looking at current gold price for the past few month still bullish.
So, what do u guys think?
