De Grey Mining and GGP3 Dec 2024 08:25
I’ve been comparing us and them for years now… as we have both been on an exploration journey for years however their market cap has far exceeded ours. Which I strongly believe is the ASX premium placed on mining shares that AIM \ LSE doesn’t have. The $5bill AUD market valuation by NST to buy DEG must be used a measuring stick to think about what GGP is worth in 2025 when ASX listed. $5bill places GGP at 20p a share based on 13bill shares in issue. We are definitely worth much more than 10p a share and closer to 20p in my opinion. Based on fundamentals not hyperbole as well. Based on resource size, revenues, comparison to ASX peers, tier 1 jurisdiction etc etc. In summary 10p a share must be coming sooner rather than later. Once all the catalysts Bamps has mentioned appear one at a time.. I can see a pathway back to 20p a share next year.