ggp22 Apr 2020 20:38
Ok so lets say we we will have a conservative lift off sp of around 8p before news.
I will do my workings on high grade and low grade. High grade is $250 and low grade is $200 in ground. These two figures are very conservative. GGP grades are MED at least.
So,for ex based on 15 mill oz resource.
15 mill oz X 250 HG = 3.0bill
30% of 3.0 bill = 900mill
900 mill / 4,206 mill shares (everything included)
=value of $0.178
$0.178/ GBP EX Rate as of 01.04.20 £1.24 to the USD
= £0.014354 pence value = £0.21 pence
Therefor:
High grade
10 mill oz =14.4p
20 mill oz = 28.8p
25 mill oz =31.65p
30 mill oz =34.512p
Low grade
10 mill oz= 11.5p
15 mill oz= 17.25p
20 mill oz = 23p
25 mill oz =28p
30 mill oz =33.75p
Bear in mind this is just for the 30% we own. I believe we will have just under a 30mill oz high grade resource. GGP will want to sell HAV and hit scaly a.s.a.p. GOODLUCK ALL stay safe Red.