Thinking about 5% valuation15 Jan 2022 09:24
Good morning All
I have a busy day today, sorting out a viewing of the property in France.
The thing is not all the eggs are in Newcrest’s basket, I do believe that we will be talking north of $250m for 5%.
Three reasons
1. Using a simple third pricing,
Third for the gold in ground, third to extract it out of the ground and a third profit.
Divide $1800 by a third is $600 * that by 10m ounces ( conservative) and you $300m without anything else.
2. People say the copper will pay for the mining, thus making the gold profit free ( minimum of$300m) in my eyes.
3. Didn’t Shaun day recently pick up a license for land directly in between HAV and Telfer, access will be very important.
Either very lucky or a genius stroke and knew what was coming.
The latter me thinks!
Anyway lots on my plate today, so bid you all farewell for the weekend.
Good luck all:)))))