10 bagger plus potential13 Feb 2019 21:15
Bhukia Project, India
World class asset targeting 6.0Moz+ resource. Primary mineralisation from near-surface with potential to develop into a large, bulk mineable open-pit operation JORC-compliant resources of 1.74Moz, with a planning exploration programme to increase this to a target in excess of 6.0Moz.
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A 10 bagger from current market cap of £3m is more possible with permit license in place and JORC-COMPLIANT resource confirmed...Galaxy's agreed 10% Investment implies a valuation of £10.7m to Panthera on the prospectivity of the licence alone, and so a market cap of £30m with resource confirmed appears dirt cheap given the World Class potential.....added value will also come from the receipt of £1.5m cash from Panthera's strategic investor, Republic Investment, with all approvals in place for the recommencement of exploration at Bhukia, and then factor in the potential added value after Galaxy's planned BSE listing and possible merger with Panthera's subsidiary Indo Gold....it could be truly massive...and then take into account Panthera's highly prospective west African gold exploration projects and its approximately 15% stake in Anglo Saxony Mining (which is currently advancing a preliminary feasibility study of the Tellerhauser Sn-Zn-In deposit in Saxony, Germany....the current bargain low sp certainly offers an amazing opportunity for transformational returns if all goes to plan....in the meantime, confirmation of Galaxy's first $250k will see this pushing towards double figures imho....Gla holders..Exciting times are here!!! :-)
10% Investment and Valuation Implications
Galaxy has agreed to purchase two 5% stakes in IGL in two stages:
Stage 1 (5%) - US$250,000 immediately upon receipt of Indian government overseas direct investment approval, with a further US$250,000 due before 31 March 2019;
Stage 2 (5%) - US$750,000 prior to the re-commencement of exploration (now expected mid- to late-2019).
The Stage 1 investment implies a valuation for Panthera's remaining 95% interest in IGL of US$9.5m (GBP GBP7.5m; A$13.2m).
The Stage 2 investment implies a valuation for Panthera's remaining 90% interest in IGL of US$13.5m (GBP GBP10.7m; A$18.8m).