RE: Share down9 Mar 2024 10:55
Bamps, you can’t compare hav to hemi. Firstly hemi is far bigger (+growing much faster), secondly massively cheaper to mine as the current resource is all open pit and they haven’t even looked underground. Yes it is 19.9% owned by gold road, they have deep pockets and hemi is the 3rd biggest undeveloped deposit globally so funding is no problem.
I thought it funny even the interviewer was bemused by the answer on the ASX listing ( I think he suggested a different answer to last time ) - even now you are overvalued compared to ASX piers which is why it would be dilutive to list on the ASX. Look at Spartan on SD chart ( the have a mill + 100% of a growing resource) or Bellevue that are now in production. GGP are way overvalued IMO.
Also I note it wasn’t touched upon that telfer would require a large capex investment to process hav ore or the capex to build a road ( and opex costs ) ……so not plug and play
So cut the ramping mate and DYOR