RE: LABOLA19 Feb 2021 19:23
Hi ejt7777
To put things into perspective, I have just done some workings on the GGP resource and the value placed on it based on its £1B market value.
GGP's 30% share of the total resource is 1,300,000 ounces. This provides, in the ground value per ounce of £1B/1.3m oz =£769 per oz.
This value represents 58% of the current market price of gold of £1,313 (i.e. $1800 /1.37 = £1,313. AND £769 / £1,313 = 58%. ). This is astounding that GGP should be valued, based on its in ground resource, at 58% of the market price of gold in the circumstances in which the world economies find themselves in.
Now let us assume that the market do not get as excited as in the case of GGP and the Labola Jorc compliant resource is announced at 1,300,000 oz. Even if we ascribe in the ground value at less than half of 58% - i.e. say 25% then just based on Labola, we should be valued at, on Jorc establishment:
1,300,000 oz X £328 i.e.[ 25% x £1,313 ( i.e. $1800 / 1.37) ] = £427,007,299
£427m / 91m shares = £4.69 per share
With just 12.5% compared to GGP's 58%, the result becomes:
1,300,000 oz X £164 i.e. [ 12.5% X £1,313 (i.e. $1800 /1.37) ] = £213,200,000
£213m / 91m shares = £2.34 per share
Even if we assume that PAT had 200,000,000 shares in issue, you end up with a market value of £1 per share
[i.e. £213m / 200m shares ].
PLEASE LET ME KNOW IF YOU NEED TO CORRECT ME ANYWHERE
NOW - LABOLA is going to be announced soon FOLLOWED by probably KALAKA and then BASSALA.
.................NOW NOW NOW - I AM NOT EVEN GOING TO TALK ABOUT THE RECENT RNS - " COMPENSATION AT MARKET VALUE" SINCE MR BOLTON IS DOING EVERYTHING HE POSSIBLY CAN TO ACHIEVE AN AMICABLE AGREEMENT SO THAT WE CAN GET ON WITH DEVELOPING A 10M OUNCE RESOURCE...................
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