Member Info for Lenz

We get MRE2 for 7m oz,

Merc . Even just going by that figure 5% is worth $350m

Mercedes’ not when you work out the value of the 20moz . At todays prices and current AISC . That’s $20bn + so easy maths 5% is worth $1bn and that’s still a steal, I worked on what the brokers said 12moz so that’s $12bn .. 5% is $600m but I think GGP would accept $400m

Merc, it wouldn’t be a good deal as it would hit our share price like a brick if that was it, even then it would still be under valued at $10m per additional oz! So we could get another $200m over 30 years .. sorry but no thanks !

Merc . The 5% will not just be valued on the MRE nos. Both companies have a very good idea what is down there, and it’s a lot more than 7moz, the 5% will include payment for future upgraded MRE’s to an agreed deposit figure, which could well be 20moz , if it’s not then SD isn’t doing his job

Tymers., if you mean 175m for 5% then that does not make 25% 3.5bn

Jjnorton .. it’s so simplistic it’s stupid, the costs associated with getting the gold out is the AISC and that will reduce if they do block mining which is a dead certainty.
Out current market cap will have no bearing on the 5%, how many times do people have to be told that !!!!!

Dcgc.. nope you nor the market can use todays share price for what they think the 5% is worth, that’s just stupid ! This share price has been manipulated since 32p for what reason I cannot understand, only for large accumulations whilst, taking it up and down for huge profits !

Onthebottomrung.. I wish mate !

But the reverse is also true … the 5% valuation could have a huge impact on the share price.

A point that needs to be emphasised, is that current share price will have NO impact on the 5% valuation !

Sam . Just having a laugh on a dull
Morning ;-)

Response even ;-)

And down it goes again, it’s so stupid it’s comical !

$1852 … can only be good !

Adiose John .. don’t bother coming back !

It may be that Artemis sell out those blocks to the Hav JV .. just a thought !

C’mon Zoros $1400 POG .. you are having a laugh .. $700/$900 AISC deary me, do you not listen to SD and this is before they do block mining, which will happen. That again will reduce the AISC .. I don’t know about changing your spots, but you have become really negative lately .. has the current share price got to you ?

No Zoros I bet a few of us noticed but just left you to your dreams ;-)

Can’t see a steady rise up, as every time it does they batter it back down again ! Barstewards !!

“How come it was only the trolls that misunderstood Bamps' point? Are they intentionally stupid or is it an act?”

Easy answer they are all stupid !