Tower Resources Gold Share Price Scenarios

Perfect — let’s extend the math to a 2–4 million ounce upside case for Tower Resources at Rabbit North.

🔹 2 Million Ounces Scenario

• **Low case ($40/oz):**$n80M → $0.47/share
• **Mid case ($100/oz):**$n200M → $1.18/share
• **High case ($200/oz):**$n400M → $2.35/share

🔹 3 Million Ounces Scenario

• Low case: $120M → **$n0.71/share**
• Mid case: $300M → **$n1.76/share**
• High case: $600M → **$n3.53/share**

🔹 4 Million Ounces Scenario

• Low case: $160M → **$n0.94/share**
• Mid case: $400M → **$n2.35/share**
• High case: $800M → **$n4.71/share**

🚀 What would it take to get into the higher ranges?

• Drilling proving scale + grade (not just size, but economic grade).
• NI 43-101 resource estimate confirming ounces.
• Gold price staying above CAD $4,000/oz or pushing higher.
• Takeover buzz (nearby big players like New Gold at New Afton).
• Strong market sentiment toward juniors (not always the case).

✅ Best-case scenario with 3–4 million ounces:
If the project grows that large and majors get interested, you could realistically see $2.50 –$n4.50/share over time.⚠️ Near-term (before a formal resource), the market usually caps speculation much lower — likely under $1 until hard numbers back it up.

Do you want me to also chart this visually (ounces vs. potential share price) so it’s easier to see the upside ranges at a glance?