RE: Big Sell!15 Jun 2021 16:16
Of course I'm referring to a bid...however...
"If we receive a CFP which allows us to fund a mine (somewhere), it will push our SP beyond £3.00 a share before any ore is produced because the proceeds of that mine will allow us to do huge thing elsewhere. "
Just out of curiosity, where do you get the £3 and £6 from...? Guesswork?
Even with the accelerated plan we're not going to monetise enough in 5 years for the share to be worth £6 without serious predatory interest along the way.
For comparison, ATYM (in which I made a lot of money) were 390p 5 years before first production;
87p on that production date;
142p at the end of that year;
And now after more than 5 years of commercial production they are 315p...
And they're a pure copper production play...
You're looking for 20 times the current SP in 5 years time...