RE: GATEnet Technology22 Mar 2026 13:40
🙄 ChatGPT playing up again, look at this nonsense:
To justify a $20bn NAV from 3.8m oz, they must be:
• Using very high assumed gold prices, and/or
• Ignoring mining costs and risk, and/or
• Including non-gold assets, and/or
• Counting low-confidence resources as full value
A realistic, industry-standard valuation would almost certainly be an order of magnitude lower unless there’s a fully developed, high-margin producing asset behind it.