RE: $3,173,760,000 in Ground Gold Value14 Apr 2025 11:43
GGP is a different animal in its own right. Had a market cap of £1B at one point, without any revenue, but that settled around £500m. But they hit the jackpot, in a hot bed jurisdiction, and it went to the moon within months, after being on a similiar market cap to what we find ourselves. Now they have telfer and are in production, they’ll go from strength to strength and best of luck to them. Always willing to see junior mining companies go all the way.
They consider if you have at least 10% of your market cap in cash, you’re financially stable. Currently, £1 a share would be £484,000,000 market cap, so 10% would be £48m in cash. I think in the coming years, Cora will have multiples of this to hand once production starts, so £1 a share long term isn’t ridiculous, but small steps are needed and milestones need hitting. Permits need granting and a plant needs constructing. But with potential resources in Senegal to add to the group resource, this could grow and grow and we can finance all developments from within.
The elephant in the room, Mali and Africa are not considered as the best Jurisdictions for investors to part with their money, despite its rich history in gold mining. They’d rather place their money in places like Australia and North America, each to their own. But you’d rather be generating tens of millions in Mali every couple of months, than turning some Australian lease into Swiss cheese and empty drill holes. Very optimistic about the future, as is Bert, and the multiple directors he’s convinced to raise funds here in recent history.
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