RE: Stig On The River Wednesday 22nd July07 Jul 2020 17:57
Do you know how many are planning to go Tig? I don't think I can make it, but I think my pal, the private wealth manger, JM, wants to meet up with you guys, if that's ok? He'll be travelling down from Wiltshire.
Funny, given the bullet proof trading pattern, I've never felt so relaxed about GGP. Guess I migh be worried about my Solgold investment though. What's going on over there with the leadership? Looks a bit like Newcrest are a bit worried about it too. All imho.
As i just said where do you get 2.5moz from? We have no maiden MRE as yet... Just couple of broker notes. But my best guess is they'll pay around $650m for 2.5moz. This isn't Africa or South America. Oh and by the way the mine's 70% already built along with the airstrip, the school, the town, the hospital. That's the difference pal.
Costa your miles off.. it's 70/30 split for $65m then NCM have first right to another 5% at Fair Market value. whether its 5, 10 , 15 or 20 Moz is yet to be decided... but if you look at Paddysat and the recent massive step outs to the NW the Highgrade zone should near enough double what's in the numis and hannam notes. Then you got the Breccia zone which is priced at 0 currently, but will likely come in around 1-1.5g/t .. and if commercial, then its pretty big. Well it's massive actually. Look at the resource economics of Cadia Newcrest's other big u/g mine in Australia. Asic is $156/oz on a bulk underground option.