RE: Finance for Kili expansion and JV for Nyakafuru both firmly cement this at 2p in my mind.23 Oct 2023 16:31
Go_ly_down … 2p is not happening any time soon
SHG is chucking out 100,000oz of gold a year (4 times the target here after expansion), at a lower AISC. With next to no debt.
SHG MCAP = £100mill-ish … for 4 times the gold production (that GCAT hope to hit after expansion, and at lower cost).
So based on how the market values SHG’s stinking production - GCAT will not hit £40mill (2p) anytime soon sorry - even if it gets to 24,000oz per annum.