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My understanding of the farm in, is 5% option at market value plus 25% of profit from Hav, so if Newcrest are currently running $800 profit per ounce that's $200 per ounce in ground. If it's 10 mil that's 10 mil times $200 which is a big number! 2bn
We have had almost a 200% uplift over the past few weeks so I'm not surprised to see it fall back a bit as people take profits. The end game is at least 20-30p and that could come by the end of this year. Can you imagine Newcrest announcing a 20 mil oz deposit! The market will go mental...
They have been mentioned the past few days on this board, they are an small investment fund that holds 80mil ggp shares as with a few others but know nothing about them other than they have increased more than ggp gold itself over the past 2 days. 45% yesterday and 35% or so today. If ggp go up tomorrow I would think they would go up by perhaps 20-30% again!
I should add I know nothing about Starvest other than what has been written on this board but if you fancied a punt and ggp gold goes up tomorrow then perhaps worth considering? Perhaps high risk tho!! If I had more confidence in the stock market I would buy Tesla, some analysts believe it could go to $15000 a share, and they do have some great things coming this year. They are at least 4 years ahead of everyone when it comes to batteries, autonomous self driving, and they have household batteries. The Semi truck and a sports car coming this year. If the bubble bursts, buy mining stocks.
Buy physical gold and silver also, at least some!! Silver might be the thing that really moves when the markets start to fall, and you have something physical yourself. Most people recommend at least 10%.
If you believe commodities are going up, then Wheaton precious metals are a royalty company and buy cheap gold and silver, as do Metalla royalty and streaming the later averaging around 60% a year. Nothing is certain tho. At some point you have to make your decision and ride it out and that goes if you invest here also.
Good luck, and dont beat yourself up to much if it your investments dont always go up, I was down on ggp for about 8mnths :)
Not been invested here long, but thought it was worth a punt at 1p, well since then its gone in wrong direction. Before I invested I was of course aware of the horizontal wells, but that was before water ingress. Since then its been dying a slow death. Is this a dead duck or a ugly duckling waiting to grow its plumage?
The Markets are down by over 1% today, so there is a sell off, but I do hope that the next leg up moves so quickly that those who sold out today have to pay more to get back in :)
The good thing is people are very aware of the prospects here so will be keeping a close eye on ggp
Good work, keep hold of your shares, even in the dips, think the MM's bet wrong and it may have cost them this morning giving away cheap shares when the true price if not held down by them, could have sold much higher. Trying to get cheap shares from our hands selling in a panic.
:)