RE: The Good , The Great , & The Greatest!-DYOR!9 Jun 2023 13:13
If you think lightning can strike over and over, or that GGP has invented the fountain of youth... perhaps. however so many explorers and majors globally struggle to find 5mOz finds. hence being realistic otherwise you're ramping this to high heaven based on nothing but hope-ium. of course GGP want to find another havieron, as do all explorers in the paterson. however i think it is unwise to value GGP on the basis that they will do just that.
if you look at hav only, we know a lot here and we are unhappy with the SP. hav is the only thing the market can value GGP on at the moment. and we are 7p. why? because there is still so much uncertainty until the FS, DTM, MRE etc are all released. and when hav eventually starts being mined it will slowly be depleted as ounces are extracted. if we say they find another 5mOz deposit it could take 5 to 10 years to come on board earning income. hav will be depleted further. hence you cannot value the way you do. and you can see why the brokers don't either. nor does the market.
if we can get back into the 20s and 30s i'd be stoked based on being 7p.