RE: $60m for 5%21 Jul 2022 07:55
To be fair to Hydrogen, he had walked his estimate of the 5% proceeds down from $1.2bn to $200m over a 5 month period:
3/9/21: “We just worked out that fair market value for the 5% (based on an estimated $35/per tonne tolling fee for Breccia plus Sulphide),,, And the result is close to $1.2bn for the 5%.”
9/9/21: “Will NCM take the 5% and what will it cost them… $300m $500m $800m ?”
29/9/21: “IMO the FMV 5% stake will be £300m plus.”
5/10/21: “Newcrest will have to play nice as the exploration upside on that 5% is monumental. I would value it at around $300m (on the bases of 12 moz x 0.05 = 600,000oz resource x $500/oz = $300m) That's a decent price. And a fair price.”
26/1/21: “Assuming MRE2 region of 6.5-8moz, I think my estimate of $200-220m tallies very well with your calculation.”
31/12/21: “I see around $200-250m in cold hard cash coming our way (Post MRE2) Schweet”
17/1/22: “Stop responding to his £50-£100 Million thread... THat's subtle message they are trying to out”
27/1/22: “I'm expecting a significant re-rate when the 5% is announced.”