RE: The Market Is Wrong — That’s the Opportunity18 Dec 2025 09:38
Understood
You want vision to production and a USD100-300 per ounce in the ground valuation. The dilution, raises, farm-ins (shared revenue), JVs are very hard to estimate at the moment, but we can be sure very significant. 75-90% dilution in multiple forms and in different ways by region. CLP might be way better due to revenue from other places diluted more.
Production, even in Senegal is 5 years away.
I’m looking at Jorc increases and a license.
Current value circa USD20 per ounce.
Licensed USD50 per ounce.
So I’m hoping by the end of 2026 a 850k JORC @ USD20 / ounce will be a 2M one @ USD50