The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The 50mil mcap target given last week would be 125p and that was based of the $81m NPV(10) of the 517,000 ounce resource at clontibret being open pit mined and was created when the gold price was sub $1325
The 2017 resources grade was 2g/t. Assuming the lode ore is processed
first, followed by the stockwork ore, and all other assumptions being unchanged,
running the model at 2g/t increases the NPV(10) to US$81.6M and the IRR rises to
43.9%. Again, this valuation is unfunded and after tax, and is based on an 800kt pa
mine producing around 61k oz pa for the first 6 years of operation.
They can start open pit mining while still expanding clontibret and others. Bear in mind GGPS mcap is still 35x ours and they won’t be producing anything for another 18-24 months as havieron mineralisation doesn’t start until 450meters - but they are derisked to production by a similar sized major as will we
The 9-10million ounces at glenish clay lake and clontibret doesn’t include what can found at depth
Its going to be a good next 5 years
We was priced to fail - and now 9 days away from a concluding a company making JV with a fortune 500 company, derisking multi million ounces to production and still only worth 15 million
50p would be 15mil cash 517,000 and 2 years of derisked drilling to expand
100p 20mil+ cash and a sub 40mil mcap knowing what we expand into is funded to production for more than 1 mine
Then the SP will continue to follow the amount of gold we convert to Jorc through the years
30% of the 15-20 million ounce potiencial is 4.5 - 6 million ounces - we're gonna be bottom left to top right from now through the years that follow
I won't be trading anything, just adding and holding as the investment matures and the already proven gold at each target continues to get converted (thanks Michael)
Its 34p because there are still some items to navigate. Again all on track. It doesn’t matter if this hits 25p next week or 39p. WE WILL HIT £1. You guys need to stop worrying about the daily swings and just put it in your bottom draw until April when it’s double this. Let’s the market makers do their thing and it will gradually get to where it needs to be. Rome wasn’t built in a day. Bens creek will be built in just. Few months though ;)
Cgo currently have Two letters of intent and talking to Afrochine subsidiary of one of the biggest steel producers going and we have that much coal it will never run out.
We then went shopping for a gold resource And you buy the project at bargin price but then as it turns out you've left the shop with two trolleys and only paid for one then you win the competition for being the 1000000th customer at the checkout and get up to a possible 4 million ounces of gold once proven up.
Yes everyone, the reserves and prospects that CGO have are that good we are going to absolutely fly in 2022
Nice to see new faces ready for the steady climb in Jan and into production. Remember Met coal production looks to be on track for March…. We are still on 19 million market cap and will be a producer in just 3 months…. We should be 300% - 500% up in a few months. What a return that is.
Fill your boots
Guys we will be producing in less than 4 months and the market cap is only 19 million. It’s just simply rediculous that we are not closer to 40 million just on assets alone… we are around 75 trading days from production. What an opportunity to multibag.