RE: speeding ticket16 Mar 2021 12:48
GGP was only infill drilling hence no move. We added 43 percent so massive but on our secondary mine, but on prices much higher than when planned so could be more transformative, depending on amount of rhodium etc. I expected it to be more than 43% because I heard they were pulling multiples the amount of pgm they expected. Maybe it remains conservative as they suggested.
So WK may only be worth £200m to a sale figure on a 20% basis but what if lowest cost meant could be 30%, or that in effect by buying the company WK almost made MT a free ride or half price? As investors we'd appreciate that kind of thing.
The copper and nickel at MT already makes the pgms a free ride there too I would suspect, up to high estimates on sale price.