Member Info for Lenz

The 5% will not determine the payment it will be part of it but, they know a lot more than we do about how much is down there, plus all the latest awaited assay drill results, ( which they will know from the on-site scanner ) also all future costs will be split 75/25 which will have an influence, there is so much that will have an effect on the 5% valuation we have no idea !

Albaross. Why would brokers estimates be taken into consideration they do not know as much as GGP or NCM know! And also a low valuation would affect the NCM share price!

Nothing like sitting on the fence then Zoros :-))

Rosso, but current state of play is not the only thing in the FMV

Rosso .. $150m would be a joke try multiplying that by 3

DGR … he is talking out his rear end ..

Well off you go to Alba don’t bother coming back !

Zoros… it does .. how I don’t know but it does !
I'd be very very surprised if the VALMIN catered for futuristic calcs on gold in the ground. One may as well pluck a figure out of the air and use that. So the maths (on both sides) must use: (a) known and (b) known unknown's.

Doggy if I knew that . I would be winning the lottery every week ! ;-)

US$

Something I think people are missing . SB had been screaming from the rooftops how good Havieron is, and how every time we drill we hit gold, how do you think he would look to his directors and share holders, if he puts in a low ball offer for the 5% .. remember this will reflect not just GGP share value but NCM as well ! That is why I think it will be as fair offer that keeps everyone happy.

With present knowledge plus a few more we don’t know about . 23moz in the ground and 7.5moz for the 5%%

Hydro I see you are including the payment for the 5% in the 30% which is fair enough, but is cash in the bank applied to share price ? If not then it’s 25% so 5x £195 which comes to the figure I quoted. Think we are discussing the same thing in different ways. So will leave it there.

Hydro doesn’t seem like maths is your strong point, ;-) if we get £195m for 5% then the 25% = £975m which is just short of twice our current Mcap. And is roughly 25p per share, so I would expect SD to aim for at least twice that !

As paddy said, this will be into production before Telfer has to go on care and maintenance ! Plus I expect a second decline to start after the FS, when block mining will be decided for other areas.

No chance it will be 5 years .. telfer doesn’t have that much profitable time left !

Tymers .. as usual absolute bull**** ., the MRE and 5% valuation will affect the share price, if you don’t believe that then sell up and give us all peace !

It doesn’t make sense we could have found another slightly smaller havieron ffs !

Berenberg, are not worth bothering about, they have been holding the price down for the last year !

Merc, not arguing but the where do you get the $400 an ounce, we all know and they do as well, that there is a lot more than 7moz down there, that will be taken into consideration ! Both companies will have to agree on an expected deposit figure. God knows what that will be, but well above 7moz I would imagine !