Straight and narrow18 Mar 2025 17:05
Can someone put me back on the straight and narrow before I go entirely gaga!!
Shaun mentions in his Proactive Video and RNS “55% of contained gold comprises Measured or Indicated; 5.6Moz Au and 227kt Cu” and goes on to say that Measured and Indicated are classed as Reserves (not simply Resources). If they are classed as Reserves then surely they go straight onto the GGP Balance Sheet? If so aren’t we saying that 5.6m ounces at US$3,000 per ounce equals US$16.8 billion (£12.94 billion) against our current MCap of £1.35 billion? Please advised what I have missed/overlooked - is it simply timescale as to when this all gets accounted for, or have I missed a fundamental (as I don’t mind making myself look stupid on this point). Thanks.