RE: Gupta26 Aug 2021 18:03
Today, without KSK drilled, optimised and being made construction ready or Beutong revealing its massive potential 10p is unlikely. Do all of the above and when the inevitable bull market returns to copper prices and M&A takes hold, then very achievable so to 15p+. However if you were offered 100% premium tomorrow would you recommend it if you were Tony? Don't think he would for a total sale because he has funding a visibility to generate that sort of upside himself.
My read of the RNS was that there's a group of strategic investors that will inject equity, in turn enabling the project debt for KSK.
Either way, nice problem to have if you're counting how many multiples above 2.2p or 3.5p, being two previous estimates espoused by one self interested trader for the lot.
2.7p goes tomorrow and then a tussle at 3p ensues. Two standout bb posts today on Mr Gupta connections!