focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Well well checking back in after a busy day so glad I moved further money in here this morning. Now I can sit back and watch the rerate begin over the next few months. I’ve already published my workings yesterday and stand by this being a 100 bagger share over the next year if Bhukia and Labola both come in for us :-)
Ok folks strap yourselves in for this one
In a recent interview Tony Truelove says it’s his feeling that Bhukia is a lot more than a 10Moz deposit and Mark Bolton says it will add a lot more than one zero to the share price. Here is my basic workings of value of a 10Moz deposit taking into account any JV, Share Dilution and mining costs and you can see why Mark said a lot more than one zero ..!!!
MC based on 50% of in ground resource realising value to PAT
10 million OZ at $2000 (should be much more over life of the mine) I calculate costs at $800
So that gives us $1200 per oz at a retained 50% of the company if the rest was offset for drilling and JV partner
That leaves us $600 per oz or approx £500per oz
£500 x 10Moz = £5B lets take that and say for arguments sake we eventually have double the shares in issue so 170M shares in issue
10Moz - £5B/170M = £29.40
That’s a 133 bagger from 22p for reference
This could be truly life changing for so many and I cannot see many other opportunities on AIM to see such huge returns..!!! The thing is Bhukia already has an estimated 7Moz so the SP could rerate to triple figures within days of a PL being granted not years like GGP and others. What if we get the PL and we go on to prove 15Moz+ unbelievable opportunity here right now ..!!!
ST great post it’s a matter of when not if ..!!!
Gains from 20p are going to be a lot more than those jumping into to gain from 40/60/80p+
20p - 200p x10
50p - 200p x4
80p - 200p x2.5
I know at what price I would be buying and just for the record if Bhukia comes in it will be way north of 200p ^^^