Member Info for DGR1980

Incidentally Minor looking back through your posts I don't see a valuation you've posted details for. Other than your one saying you think that 3 Glencore shares or �10.80 is 'fair value' Lets see your logic too

Yeah definitely good to see things progressing

Take scotts profit of �72 a share for the life of the mine. Divide by the estimated life of the mine (30 years), �2.40 per share per year, assuming immediate ramp up to full production. Working on 10% of value, similar to how SXX has been valued against whats in the ground, that assumes 3 years so �7.20 as a top end. Deduct an appropriate percentage for being based in a country that has had IMF in to deal with debts and corruption. Consider also that there is also the chance of a take it, or go into production diluted to only 18% of the site in 5 years with Glencore paying the costs. The final two are where the range comes in. Also natural pessimism comes in when for me when people are talking about 90 - 100 bags.

I would agree shaun. It should find a new range over the next few weeks, but to do that it'll need officially communicated news

Wasn't asking for praise. It was rhetorical, after your ridiculous suggestions of �10.80 a share yesterday.

Because i've seen the trading range of 11.5p - 15p a few times now Minor. Until it breaks and holds 20p or we get an amazing RNS i don't see things holding. Just because i don't agree with your view doesn't make me insecure

Sidney, Minor, and Shaun - Was my caution perhaps justified this morning?

I am the jinx! At 8.24 when i said i'd start to get excited as we're almost at 10% up, we hit the days high so far.

See. Happy now? :P

Here comes 10% up. I think i can cope with getting excited about it now, but just know, if it sticks at 10% its on all of you for winding me up :)

Haha. Did you guys not know, The market generally does the opposite to what i'm saying :) I'd love to get excited about ZIOC but sub 10% in a day isnt exciting for me. Personally I hope you're right and we get news that stage 1 is steaming ahead next week.

I'm not sure 175,000 shares over 4 trades counts as huge buying. Hopefully we'll see a bunch of delayed trades later, but from what i see on the HL site theres nothing out of the ordinary so far

Last one was 1st of November? So its almost like its a 6 monthly standard update on the options scheme. I get the excitement about ZIOC, I really do, but there is some serious straw clutching going on here

*facepalm*

The RNSs are only for options being exercised in April when the options usually vest. Its not an 'OMG the board are buying shares, it must be imminent' moment

MinorMiner - It all depends on what is decided to be fair value. That's not something we get to decide. I think it'll end up being lower than a lot of people on here think, although still in the life changing range

As much as i'd like to see it, i really don't see this share 90 bagging from here. That said i've never been through the sale of a company with such an asset before

pawpaw - scottology's calculations are for total profit per share over the life of the mine. �1B right now works for me

Really pawpaw. �3.55 per share isnt enough for you?

I'd agree Heed. I reckon the next lot will start in the upper 30s