RE: Bored ramblings27 Jan 2024 21:13
MH01,
You're very brave putting calculations out there for all to see.
I posted on this board about 2(ish) years ago when the ramping was insane - you know, the £1+ brigade and the 20m oz followers - and the share price had recently touched a peak of 38p.
I posted my calculations showing full value of about 20.69p for 25% of 6.4m oz at that time.
The abuse I got was utterly horrific. The daydream brigade didn't want to hear it, nor face reality.
Now, with the new resource upgrade & additional 5% of Hav, I've calculated a new, and realistic, sp for GGP.
Suffice to say, your numbers look good to me. So well done & congratulations on being so brave :)
If you want to refine your valuations a little more (and if my memory serves me correctly) the AISC back then was about $634/oz I believe. However SD did say he expected that to come down more as the mine developed, though inflation may well have kiboshed that now, who knows....
Anyway, good luck, well done & thank you for putting the effort in & producing realistic calculations.
Rex