Thanks l-a. So we don't think there's any at Havieron? It's very valuable and in big demand for EVs. Lets start drilling at Panorama and Bromus then! And they are both 100% owned.
When you think about a possible lowball t/o of GGP at say 30p that's only about £1.2 billion, and it could then make Newcrest a more attractive target. What Sandeep has to do is to get the NCM sp up by convincing the world that Havieron and the other mines are worth far more than thought. That's far more important than buying GGP on the cheap.
I would probably take a £1 now with what we know now...but what if we get a few good drill results from another tenement, say Scallywag, then £1 would not be enough. As we progress with more information coming out the price keeps increasing.
Always worth reading this at the bottom of every RNS. Just to remind yourself of all the exceptional science that hopefully will come to fruition in the near future.
The BOD are very confident in going forward without a deal (and the placee are as well) if they don't get full value. It's a message to potential acquirees. Put up or shut up.