Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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so what we saying 4 weeks and will will know??, and between that more drill results :)
Re: Hydro transaction examples:
Rarely post here but interesting to read more about the examples given. It's always difficult to compare apples with apples but here's another one from 2019 that caught my eye https://www.google.com/amp/s/financialpost.com/commodities/mining/continental-gold-takes-all-cash-offer-as-gold-mining-space-continues-to-heat-up/wcm/fba50096-856d-44ae-820f-458db6786fe4/amp/
ATB 3T
I agree, Hydro. Fair market value…well what’s recently been paid fairly in the market?
These ridiculous £50m figures being thrown around, a lot of FUD and battered investors. I can take our current reserve only number (1.6m oz !) and get to £50m just by using what Newcrest recently paid Pretium on a reserve basis. BUT…based on current AISC our ounces will contain an additional 40% profit margin than those at Brucejack (Pretium), who has no copper. Are our reserves worth more than $750/oz to a buyer, given the amount of capex we’ve already contributed?
So the £50m above is based on a fraction (reserves) of a fraction (PFS) of a fraction (MRE2)…because MRE2, again, is a fraction of HAV. And then you might have another orebody within the tenement reveal itself in the coming weeks…..
If we start getting over 4m oz inferred in MRE2, all bets are off in terms of the 5%. Surely Newcrest would consider this a good time to just go all the way…
Mcilroy, i'll give em $50 an ounce in the ground if I can then sell it on at $1800 an ounce. No brainer.
SAS- ‘1000 dollars per Oz profit and a 50% discount on that as it’s in the ground still- 500$’ I really hope that’s somewhere near true.
I was reading some articles today :
https://www.kitco.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html
https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/
‘ median value 40$ per Oz in the ground’ - albeit this is at 1200$ gold and we’re in a different position than just selling an asset to a random major- but, do
You really think we’re going to get somewhere near 500 per Oz??
I’m more than happy for people to tell me we can and explain why.
I also hold nearly a million shares here so this is in no way a deramp or anything- just trying to curb my expectation too much
Spades that’s my thinking as well .. no way Is this going to be a low figure, not with the way Sandeep has been building this up, nor will SD accept a low figure .. I honestly don’t think you will be far out, my estimate was $400m and that was conservative on 12m oz !
Seriously hope your right Ponie.
I agree that GGP negotiators should be looking at figures way above whats been reported or mentioned on this board in assessing the Net Present Value in relation to the extra 5% share that Newcrest want. Newcrest would not bother with it if the increase in value of Havieron was only piffling. It must be enormous!!
All the indications are that recent drilling discoveries at Havieron are constantly upping the value due to the unending expansion both at depth and horizontally along with some exceptional grades etc.
No wonder Sandeep and Shaun are chomping at the bit.
Be prepared for the agreed monumental valuation and a game changing offer to GGP for the extra 5%. Both Newcrest and GGP can benefit greatly and it is in both of their interests to swiftly conclude a deal with no messing around especially if Havieron is evermore ground breaking as some or the majority of us have suspected.
GLA true investors- Our time is getting closer.
Too true.....
But just taking my figures as a starting point...GGP will go from £16m to £100m in the bank overnight (ish).
This will catapult GGP smack bang into the debt lenders lair! Term sheets here we come.
Z
All I'm saying Zoros is don't throw the baby out with the bathwater.
WOW! SAS.......big numbers me old!
Life isn't like that though is it? One could argue that the rest of Hav is a dud after a spectacular MRE2?
Remember this...is anyone going to look back years from now and say..feck me lads, the mine is currently worth (let's say) 5Bn and we sold 70% of it to NCM of $70million (or whatever we "gave" Hav away for).
Life's a ***** and then you die.
I suggest you brace yourself for the valuation SAS, it could make your eyes water....and not for good reasons!
Z
Hi Zoros, I am chilled, but it does get to me when I see the inaptitude of fellow posters posting complete bol-locks on here.
One thing you learn in business is being prepared to walk away from something if it isn't right for you.
If I where in the negotiating team then I would be asking for multiples of what is being spouted on here.
Have you ever stopped and thought what happens, if this does end up being a find of 30, 40 or 50 million ounces.
At a $1000 profit per ounce at todays POG, then for every 10M Ounce that is £10B yes billion dollars profit.
So lets say Shaun & Sandeep assess this and come up with a prediction of 20M ounces. That would equate to $20B profit.
5% of $20B is $1B.
Now Shaun could do one of two calculations at that point.
He could either say to NCM, right then, I believe there is no more gold to be found, so because the Gold is still in the ground I will accept a 50% discount of $500,000,000
Or he could say, I believe there is a helluva lot more to be unearthed, so I am not giving you any discount, but if you find more, then that is where you will win.
And that is not accounting for the copper or any other finds on the tenement.
SAS - chill babes. No need to get angry with posters trying their best.
I do agree with you, though, the 5% can't be based on todays NPV for obvious reasons....the data is way out of date!
This is why the MRE2 is critical to the valuation.
A part of me wants to explode with excitement about the SP at the end of february, another part of me is asking.......can the SP rise 80% on the news???
Fun and games
Z
I see another two trades just popped up after hours of 1,550,000 each.
More mirrors than the Blackpool Fun House
Yeah glad I got another top up in first thing this morning
Closing at 14.20 :-)