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Ramblers assumptions are based on a copper price of less than $3 a lb. Today's spot price is $3.55 a lb and increasing.
Nearing $8000 a ton
Yes thats my estimate also 2.5p to 3.0p should easily be gained and doubled the following year if Gold & Copper prices continue to rise as expected.
Interesting thoughts from 'Bamps' on GGP board who I have a great deal of respect for as an analyst ;
' I haven't the relative figures to be able to provide a Net Asset Value per share based on 40 years inflation. What I do know is in the years to come Gold finds will become smaller, the norm will be 1m oz or less. The large finds might never be repeated, gold will become rarer and more expensive. At $1,400 an ounce should leave enough headroom for $500+ AISC.
Experts are forecasting $5,000-10,000 an ounce in the next few years , copper is shortly to reach it's all time highs and become rarer. Globally we need 2 copper mines every year of 500,000 tons pa to meet demand, that isn't happening. Mines with a Tier 1 gold asset and a tier 1 copper asset are not coming on the market. The NAV value will increase accordingly'
Given Rambler is already in production and the company refinanced albeit through placing funds all augers well for the future With assets of £3.2B of copper and £500m of gold potential and a relatively new 'turnaround' CEO in charge I cannot see why this company cannot, with skilful management return at least 10 times the current share price within the year. Even then it would only make the MC $230m which is still a tiny MC for a gold/copper producer today. I haven't researched enough to work out the complexity of extracting and processing the minerals and costs but given it is a working mine the basis to the operation already exists. My understanding historically is that the problems were financial as opposed to the asset not being extractable. The board have addressed this issue albeit diluting the hell out of the share but hopefully it gives the company a new start.
Lenz...that was my thinking plus a £3.2 Billion copper resource, £500M of Gold and yet only a £23m MC. Debt almost paid off, production to Increase, New jobs been advertised and newish CEO is turnaround specialist. Could be a target for a takeover and at 0.28p a possible snip. The fact that they are producing and in a safe, stable environment is a big positive.
Someone on here said take a look at Rambler Metals a few weeks ago. Bought a million this morning having looked at them very carefully. Couldn't believe how cheap they are 0.27p given they are producing gold and copper in a safe environment.. Canada. Not pushing them as I've only just bought in but thanks to whomever for the tip. GGP still the crown jewel though and a very rare find!!
My million buy showing as a sell. My settlement invoice shows an indication buy price of 0.29p so anything below 0.28p would show as a sell when in fact its a buy. You would would think in this day and age their IT system could differentiate between a buy and a sell whatever the price actioned.
Finished as much research as I can since a friend said take a look and this looks a good long term investment so just bought in with a million at 0.275p. Will add more as it climbs.
Does anyone know what Tony Bradbury was doing from Oct 2017 when he left Shanta to June 2020 when he joined Rambler. Just starting to research this share having bought heavily into Greatland Gold at a similar start in their journey. Looks a very interesting prospect reading the September presentation.
Can any long term holders remember why Toby Bradbury left in October 2017?
I agree OilMonkey NC are working at hell of a pace to get theis mine created and in operation. They are of course mindful of the need to keep the Telfer processing plant working at near to full capacity. I am delighted at a 66p valuation & 50% - 33p de-risked and this will increase as mine development takes place and the minerals start to come out of the ground. There is no reason why we won't, given time, become 66p @ 50% de-risked hence over a £1 valuation. It is clear that Shaun Day has been brought in to turn this into a £2b minimum company. Gervaise has done a brilliant job to bring the company this far. I can remember a few years back when we were looking at a few nuggets found on the surface and carrying out magnetic surveys. Spades sieves and shovels were the order of the day.
My understanding is that they value the company and its assets at 66p but because we are only part way there and still drilling exploration holes and starting the set up of the mine operation there are still risks and as such can only value the company at half that estimate i.e. 50% un-risked. When we have a great RE and a feasibility study under our belt and have started mining the gold & copper we will be less of a risk so the valuation will be nearer the 66p.
Yes a big thank you Gervaise. Just got in and watched the interview. Gervaise looked shattered, in fact at times he looked ill. Hope he's OK. He spoke very clearly and I believe the company is now at a stage as he said that lt needs a CEO with experience of taking it onto the next level. Shaun Day seems to have all the right credentials. Through Gervaise's hard work he is now a wealthy man . I hope he enjoys the trappings of wealth as ourselves the shareholder's will be able to do in due course if not now.
Apart from Haveiron being a better deposit the closeness to Telfer processing plant must be a clincher. I'm surprised though the JV was over 24months of survey and drilling and yet they walked away from it! At least with Haveirion they have committed themselves and given it high profile in presentation and reports. I wonder if they are reigning in financial resources to make an offer on Haveiron or even Scallywag. It would make sense given the proximity to the Telfer plant.