Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Zoros
So your calculations are solely based on the current knows which are the 3.4MozAuEq and places NO value at all on the additional Inferred resources which had been identified at the time of the PFS. Canaccord outlined that the PFS only included 30% of the existing resource base which is “a small fraction of the potential ultimate resource size”.
As NCM are still progressing a significant program of growth drilling they clearly feel there’s more gold to be found within the Havieron license area which Canaccord acknowledged within their note as they believe the “ultimate project size will be multiple times larger”
So bearing this in mind do you not feel you valuation should include some allowance for a % of current inferred resource that sits outside the 3.4MozAuEq and also a provision for future growth. Canaccord‘s valuation clearly does.
GLA
There’s definitely been a ramp up on the amount of FUD on this BB today to coincide with the big reveal of the JPM short. They want your shares but as cheap as they can get them. Clearly 14p isn’t cheap enough, but I’ll hang onto mine until we’re bought out or we’ve transitioned into being a producer.
Now this deal I like!
Surely they must explore the opportunity of delivering stage 1 and 2 as a combined project. This should deliver efficiencies across both phases due to economy of scale and better utilisation of PM resources etc.
We’ve had very little PR on the back of this deal. JM I think has done 2 interviews, both of which he looked bored to death in and totally disinterested.
I would have thought there could be some news flow on contract awards, target start dates, etc to provide some positive news flow.
Just got quoted 0.3505 to sell 5.5m