RE: Strategy10 Oct 2022 11:07
I know the SP is killing everyone despite the massive derisking on Friday and an almost guaranteed DFS/DTM scenario but we couldn't be in more difficult market conditions than we are almost... the sector, asset prices, market, global economy and political instability headwinds all at gale force while we sail into them.
Yet despite this we managed to build:
- One of the best BOD's in Oz, 3 members of mining royalty soon to join us, these 3 are top of the food chain
- Fully specced out and talented team in all aspects of the industry to aid further growth inc. our MD heading it
- One of the most exciting portfolio's in Oz to explore with plenty of potential prospectivity
- A 30% share of a what Shuan is happy to say publicly is a Telfer sized deposit in near term production status which will be managed by Oz's leading mining company, say what you want but they know the Paterson and they know how the hell to mine a deposit
- Funding framework is now in place made up of Tier 1 banks and funding partners who seem to believe in GGP's future prospects despite the sector being almost uninvestable, SOLG couldn't manage what Shaun just did and look at the quality of the partners we now have
- Shaun won't need to hunt for opportunities, they'll land on his desk regularly once we start generating revenue as we will have the benefit of being agile vs a corporation and highly capable of accessing capital and resources alongside very knowledgable skillsets internally and with the extended structure of GGP through our partners and I'm sure he will make informed decisions for growth.
Eventually we should see the sector rerate and see the big money players waiting on the sidelines return to pick up cheap assets, property, farming land and everything else that they can as cheaply as possible to then hold for years to increase their wealth further.
We should in theory see a production rerate of some level and certainly over the years see GGP potentially create a multi-billion dollar platform if all goes to plan. That's what the banks will be looking for with further opportunities to work with us, same for Wyloo, Tribeca and Forrest IMO, it just won't be overnight and certainly not without risks and we need to be honest about that, but a huge element of that risk just got kicked into oblivion last week. As always DYOR.
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