Am I missing something here? current market cap = £409m 5% = £20.45m Figure quoted by NCM for 5% =$60m =£50m if this is grossed up it gives a potential market cap of £1000m which is an uplift of 245% which if applied to the latest share price of 10.05 puts the valuation @ 24.6 p . Given that not one ounce of gold has yet materialised I dont think we could expect any more.
I must admit that I am getting a wee bit frustrated with all these (over?) optimistic views on what is going to be announced re drill results which only serve to disappoint when reality hits. None of us know for certain the detail of the results to be announced in the near future. I am convinced that over time we will get fantastic value from these shares but not tomorrow , not next week. As Paddy always says lets just wait it out and stop being greedy.
HI Paddy, in the Dec 19 report it was stated that Greatland had enough finance to support another 12-18 months operations, am I correct therefore in assuming that the share price movement from 1.8 p in Dec 31 to 11.8 p today has effectively added another significant amount of dosh to the equation..?