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That would be £750m marcap so we'd need;
(a) Licence and JV with a great partner soon - £120m mcap
(b) Lithium prices to x2 - x4 in next few years £240m mcap
(c) Production from 2022/23 £360m mcap
(d) Not too many new entrants into lithium mining in the next few years £360m mcap
(e) Re-investment strategy to strike a couple more commercial ventures... £750m mcap
It's fag packet but that's what is required to get to 4.6p. 4 years min.
*in
To add to the above, GGP had an excellent leader is Gervais Heddle. I am not sure that WSBN have leadership of the same ilk at this current point in time.
Worth mentioning that Red Setter is closer to Telfer than Haveiron as well.
From what I recall (without re-reading the RNSs), Red Setter has shown magnetic anomalies similar to Haveiron - no mention about size of the potential deposit.
One thing is for sure, if Red Setter is anything like Hav then this will be a huge multi-bagger - I am optimistic and invested but there are no guarantees.
In my opinion at 9p / £16m mcap this is worth a punt but only with money you can afford to lose.
At the time of writing, GGP share price has increased by 0.29p / 1.69%. This equates to a rise in the mcap of c£11m...
So the market is valuing this news at £11m assuming nothing else is impacting price today.
I'd say before today Scally was not baked into our mcap at all following the decrease in price off the back of previous Scally drilling results earlier this year...
Therefore, let's remember this tiny impact IF the next Scally results aren't mind blowing brilliant.
it is concerning that the price is dropping so much on good news. maybe it wasn't good enough news and people are getting impatient / spooked. For LTHs it seems ridiculous - did people expect a signed licence, a JV on both gold and lithium? Maybe they even expected a dividend! However, we just have to ride it out and top up if we are feeling brave...
Kodal have been around for 6-7 years - hardly new kid on the block. The RNS is basically saying it is very, very likely that a licence will be granted. We know BA is in talks with investors over a JV. We know that there is a global shortage of lithium. We know that spodumene prices have recently sky rocketed. And you think a c£90m markcap is staggering? Look at the markcaps of other lithium producers and come back to me.
19 - 24 months to get a mine that hasn't even got a pre-feasibility study yet to production would be incredible!
However, that is what I am sure is going to happen!
GGP will be a gold PRODUCER in less than 2 years and Haveiron looks like it will have a 30 year life span at least.
GGP have plenty of other prospects in the pipeline (for which they will have serious cash from Hav to speed up development on)
MCap will not be £750m by the time all of this happens... More like £3bn
And even then there will be room for growth... Look at Newcrest: £11.5bn MCap. Rio £100bn. BHP £130bn.
Haveiron will underpin GGP becoming huge.
The share price can't stay this low forever... When Hav starts turning a big profit off a very low capital base, the ROCE RONA EBITDA % etc KPIs will be too high to ignore. In that time GGP will have further developed other interests and will be a high growth mining junior with the potential to become as big as someone like Newcrest over the next 5, 10, 20 years...