RE: newbie11 Mar 2020 13:45
After the brilliant drill results released last night the article is still very relevant to what we can expect value wise from Havieron.
If we take a relatively conservative view and assume that each Havieron ounce is valued at $200, then the total value of Greatland’s 30% project interest (on the assumption that Newcrest takes a 70% stake) is as follows:
-LOW: $234 million (£178.7 million) ( (3,900,000 X 200) X 0.3 )
-MID: $348 million (£265.8 million) ( (5,800,000 X 200) X 0.3 )
-HIGH: $462 million (£352.8 million) ( (7,700,000 X 200) X 0.3 )
I’d say we are heading for that high figure or maybe even smashing through it after last night and that would double the present share price.
BTB