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itsouthere not isotherm!
GGP gold ounces up 50% in the last year according to Shaun Day.
So 6.5m oz + another 50% makes almost 10m oz gold equivalent when it's reported in August.
GGP share is 3m oz. Even on a conservative 300,000 oz a year for the next 10 years starting in 2024 that gives a minimum profit of £150m a year (on a very very conservative profit per oz of £500) or earnings of approaching 3p a share.
Apply a very very conservative PE of 10 and we are looking at a SP potentially approaching 30p.
Yet the likes of isotherm keep banging on about the CURRENT SP without looking at the bigger picture. That's why people are filtering him and his cronies.
Lools like Molybdenum has only been found at Saddle Reef so far not Havieron.
See RNS 1 September 2021.
I wonder if we will see aim999 come up with some original share analysis today instead of banging the "SP going lower" drum.
All the while another 4m cut and another 32,000 ounces hit today.
Talk of dilution is premature imo unless you have an agenda of course.
Look at those ounces per vertical metre. If they drill down to 1800metres that would make 14million ounces. Looks very achievable.
Hi Mark- great post, it's about time we got back to actually talking about the asset before the annoying distraction (why don't lse step in earlier to remove these annoying clowns?).
Anyhow every cut is 4 metres and that " potentially gives us access to another 32,000 ounces" according to Shaun Day.
We are moving at pace now.
The amateur one-liner brigade, with no actual analysis are showing up again today. All they have in their armoury is the SP situation. They have no idea about the actual asset and its 20m oz potential
It was interesting to hear Shaun say in the Q&A that Greatland/Newcrest (or whoever) don't actually need a FS though his preference would be to have one. That's because the funding is already in place. Normally that's why companies prepare a FS.
Well said Bonkers0801 - for every detractor there are 100 or more who love to read what Bamps has to say.
aim999 "they have found nothing".
What a plonker!
Seriously Skint @ 10.00. Stirring again. The opening paragraph of today's RNS says "100% owned Scallywag". Seems fairly clear.
Need good security for our 20m oz!!
Probably a 2.9m buy at 7.4 based on the sell price a few minutes earlier at 7.3p. But then aim999 deramps to high heaven. Subtle as a brick and should be ignored.
Another solid set of results
Yes indeed Jerry. A voice of sense. It really is quite worrying when people don't fully understand what they've invested in. If indeed there are 20 m oz as Shaun has alluded to it must be far better to own 100% than 30%.
sandgrounded - it probably all comes down to materiality. A significant finding at Scallywag would be material to GGP, but Winu may not be regarded as such for Rio.
Unimaginative - your awareness of Greatland's potential looks to have made as much progress as an asthmatic ant carrying heavy shopping uphill on a stormy day!
ID.IOT @16.45
I see you don't let ignorance get in the way of cluttering up the BB.
Hi Dip - our messages crossed! Still, does no harm to emphasise the positive!