Chin up lads - TIL repost14 Aug 2018 22:19
My guestimates for the potential SP growth this year, based on inferred in the ground values from our announced and assumed drilling campaigns and an estimate of strike found (only IMHO, others much better informed) .
By December 2018 we should know exactly where we are as a company, with key milestones along the way:
A - Late Aug - Early Sept - Ernest Giles Meadows results - assume 5 m oz at £40 per oz = £200m = multiplier on current market cap of 3.5 = SP of 5p
B - Late August - Carnegie Nickel drill results - for me the left field dark horse - benchmark to $1 Billion sale of Nova nickel mine - if only 12.5% of that is assumed as an inferred value = £100m - SP = 7p
C - August - Firetower 3DIP excellent results back, fast track drilling announced - drill results back for high grade at surface deposit in October - Assume £100 per oz inferred and 1 m oz strike = £100m =SP =10p
D - December - Havieron ten drill results back - high grade deposit found, assume 6 m oz at £50 per oz inferred = potential m/cap value of £300m
Shareprice estimate in December 18p
Plus news potential for:
Black Hills - news anytime on scale of strike zone, potential for drill campaign to be expedited
EG drill results for Empress and Wishbone areas in September
Panorama - cobalt and gold projects developments
Any Majors partnering discussions in interim announced
“If your project is good enough, if your people are good enough and you are persistent, you will get the funding”
Owen Hegarty EMR Capital CEO