RE: Tier 120 Aug 2020 01:00
Does any one know if the 17.8 p given today includes the copper?
Hannam revised its mineral resource estimate for Havieron to 4.2mln oz gold at 6.4g/t with 120,000 tonnes of copper following the recent definition of three levels and drilling.
The broker also increased its gold price assumption to US$1,950 per ounce from US$1,700oz.
As a result, the value of Greatland’s likely final 30% stake (after the Newcrest farm-in) at Havieron rises to US$709mlm from US$541mln, it said.
Hannam also upped its estimate for Greatland’s other assets including the Scallywag prospect where drilling has just started, to US$100mln from US$50mln.