RE: Funding - case in question14 Oct 2025 13:23
This is still way off production. It's still about refining everything, more drilling, getting it to measured status etc. That will cost, but it will cost a fraction of the current market cap, i.e. very little dilution if any at all.
The big costs come when putting the production wheels in motion. Those costs are undeniably vast. But there are multiple options available which Manlord has written in detailed fashion in recent times. But Greatland Gold (GGP) is a good example... a huge, quality resource. Newmont came in, a JV was agreed with 70% going to Newmont... but for that, they had to foot every bill. GGP are now £2.75bn market cap.
Interestingly, their market cap was approx £50m post initial discoveries, rising to £500m as more drilling results came in and confirmed the giant resource. They then did the JV with the SP rising to £1.4bn. It then fell back as those production wheels were put into motion before then surging onto the current £2.75bn now they're selling their product.
Do any of those numbers sound familiar?