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“Gold is the next Bitcoin”. Worth a listen to given the rich statistics shared painting the macro picture to support his argument.
https://youtu.be/IVTjL3mJmcY?si=FYS0K-r9PEtkFNtU
I do agree that the gold price and copper price are heading the right upward direction, all before production in 2025. If gold is anywhere around $2,500USD and copper is $4.50 plus, the margins/profits should be very pleasing for the share price.
As noted here time and time again, until GGPs pathway is clear how can it be valued?
We don't know if GGP will be a 30% owner of Hav with a new JV partner. OR
A 100% owner of Telfer + Hav.
So the gold price is not driving the share price, and it won't until GGP is closer to producing gold/copper revenue AND the market knows how much revenue it will be earning.
Https://goldprice.org/gold-price-australia.html
All time record highs in AUD (Aussie dingo dollars) which is key.
Https://hotcopper.com.au/news/asx-news/148098/market-close-asx-eases-up-as-staple-sector-shines/
Callum doesn't appear to be concerned about the 3rd aquifer. On the other hand the aquifer seems to be the fodder of the uneducated non-geo's who frequent this board, that claim to be shareholders however they are very negative and pessimistic on the company they have their money in. Strange to say the least.
IMO the SP is following the LC. Regardless of what else is happening. Right now we have no certainty on which direction GGP is taking so why does anyone think the gold price will mean GGP should be up??
Pretty sure loads of other gold explorers going nowhere right now regardless of the share price.
Chill out. Keep calm. Wait for the real action to begin.
The market capitalisation will be determined by what decisions GGP make. Had the 30% JV been the business model for GGP it will lead to XYZ valuation in time, at production. However, should the company pivot and buy Telfer/70%Hav then it’s business model has changed significantly and a new business valuation will occur based on the new facts.
Some thoughts to mull over and contemplate. Hopefully the outcome, whatever that is, is most beneficial to the current SP. Take out the uncertainty as noted on today's Sunday Roast podcast.
https://www.ggpchat.co.uk/viewtopic.php?t=903
"If you were Shaun - And you had ‘plans’ to be king maker and King Pin of the Paterson :- to consolidate the Paterson with Wyloo , by leveraging Havieron and GGPs LROR¦ ….Then what would you do?
Well - surely - at the first opportunity - you’d secure 100% of Havieron and Telfer? I expect this is most probably done or close. As it’s been in his sights from the beginning.
Then - what a week after securing 100% drop a whopping SLOS DFS and whip up the market with a dripping roast of a 6mt DFS.
Next - Get GDX on board and get major fund managers on board.
Then, within 12 months, do a $1bn raise on the ASX to expand everything and fund the build out a 6mt block cave in the northern Breccia... and let in the big ASX pension funds.
Before you know it Hav is the 2nd biggest mine in Australia and Greatland is the 2nd/3rd biggest producer on the ASX. Plus don’t forget the nickel. It has a huge future (as a Wyloo knows.)
And if that DFS was for say 8mt that’s going to shock the market. Double boom basically!!! Shaun’s been in the job for what 3years now. Time to show them the metal mate.
What do you think Paul Hallam, Otto Richter, and jimmy Wilson been working on for the past 18months..? (Because it ain’t two MREs is it - what? - a month’s work - tops?)."
Https://twitter.com/LawrenceLepard/status/1771930123047968798
Considered “high risk” but you wouldn’t believe that today if you didn’t know the history and looked at the share price
https://www.fool.com.au/2015/03/05/fortescue-metals-group-limited-refinances-debt-is-it-time-to-buy/
Back in 2015 Fortescue’s share price took a big hit. Back then FMG was still relatively new in iron ore competing against RIO, Vale, BHP. They had massive debt to refinance. Iron prices were low. There were concerns FMG could not refinance the debt in the billions of dollars, hence the share price. However Andrew Forrest pulled it off and now look at their share price and market cap and how wealthy Andrew is. So from being close to bankruptcy to multi billionaire. You need to let GGPs story unfold before passing judgement. Callum has backed the company clearly as he remains a significant shareholder. We can learn a lot from these sorts of real life examples.