Member Info for Jerryspaniel

Not 100% sure paddy. I would think that if they get to a point where they earn 40%, they won’t be pulling out. If they don’t then they get nothing. So win/win?

If we are happy to assume that there is 5myn ozs min, then the worst news would be that NC walk. But having done all that work, we would then have 100% of 5myn and free to do a deal with Rio. Now I realise that this is pretty unlikely scenario but not sure I can think of another bad news scenario as joelme alludes to.

Quady, I am sure I wont, but a) it makes me feel better and b) I am trying to point out the ridiculous position they are taking. They may have some fantastic deal up their sleeve, but its getting to be a very long sleeve and its trying my patience.

Coincidental to these posts which I have only just read and agree with, I just sent Eliza an email along the lines 'if you think you comply with full disclosure then this information cannot be deemed to be material nor price sensitive......., so could you give me the answers to the following....'
Will see what she says.

The latter.

Kempey. No I didnt mean that there was no upside from here! Far from it, I think there is massive upside. But using 8.2p per million ozs isnt any kind of valuation from a target price point of view, as I dont think it would ever trade there. If there was such a thing as 'fair value' I would start at what other companies have traded at based on $x in the ground. Then adjust for our deposit complexity (unknown), the fact that a processing plant is 45km away (I wonder who gets that 'advantage' NC or GGP?) and then adjust for the supposed fact that Aussie assets trade at 2.5 times ROW peers (something that GH said, though I havent heard that elsewhere). I dont know the answer but I am pretty sure its a lot less than 8.2p per million ozs.

Chesters sort of question, would you buy now or wait for next weeks announcement.

On another matter which is starting to tick me off. You CANNOT use the current shares in issue for these sort of calcs. It MUST be the fully diluted, which is about 4.145byn.
Kempey your calculation might be one way of doing it, but on that basis no one would want to buy it as there is no upside for the buyer, plus I dont think any miner trades on that basis.

Hi Chester. I am doing half and half for that very reason.

I was told’technical team are attending’ but she also went on to say that we will ensure that an updated presentation is available before or during the event.

Eliza told me that the presentation would up on the website 'during, if not before, the event'.

Kempey, of course its a guess as there is nothing known in the numbers, but its as good a guess as anyone elses. Last time I did the maths it was about 1p for 1myn ozs based on total recoverable ozs in the ground (100% not ggp share).
5myn X $175 / 1.3 X 0.3 /4145 = 4.87p. Of course the $175 could be any number you like (within reason GI...).

JC, thats pretty much what GH said at the AGM. Despite the management having a relatively small shareholding and no obvious corporate/institutional support, GH thought the t/o risk low. He has a lot of fans here but Pis are very fickle and sadly run losses and take profits. We could still do with some II support.

The known unknown here is what value in the ground and till someone can get a handle on the high grade zone and geological complexity it’s a guess. Somewhere between $75 and $200 per oz? Possibly a tad more, but just guesses.

I think that is quite possible. Volume is much better these days.
Love the latest newcrest presentation, which might just make the buying increase.

JC, I remembered correctly. Possibility of drilling on black hills too but scally and Goliath the priorities.

Spot on merc man

JC, pretty sure GH said at agm scallywag and Goliath but will check my notes

Well, I laughed Pad.....

Scrat, I think you are thinking of Tantalum!!!

Thank you. Spelling and grammar clearly not your forte but I think I can work out that you are talking about a stock other than GGP. This is not a comparison website.
You choose which stock you want, and the rest of us will concentrate on what we have.