nice post29 Oct 2021 13:31
Nice post from Excellance on ADVF yesterday
Yes NN must be favourites to acquire our assets because it's on their doorstep and their smelter would be useful.
However, I think some South African miners, particularly Anglo, are very keen to have geographical diversity.
Then there's former Anglo CEO Griffith's who is looking for a job.
Add to that competition from autos manufacturers, Tesla definitely, but can the Japanese or Chinese ignore this?
So, a consortium, creating a new global company, not encumbered with old mature assets with depleted resources and large pension obligations...
We may still retain 15% of the new company, and we'll find out within weeks.
excellance28 Oct '21 - 23:20 - 68837 of 68886
0 11 0
Look at GGP. Brilliant company, excellent assets in Australia, JV with a major. Mkt cap £700m
Their assets are deep mine gold on a vast scale. Who knows maybe they'll end up with 15m Oz, and they own 30% of their primary license. They do have other prospects.
Eurasia now have nearly 150m Oz shallow open pit, open at depth if we choose to deep mine, with a smelter. roads, railway, port, labour, power line, all within a few miles.
We own 80% of our primary asset, fully permitted, licensed, and JORC and DFS days away. Our assets are TEN times bigger than those of GGP, and we own three times the percentage.
Our mkt cap is only £625m
Using GGP as a yard stick, our mkt cap should be £6 billion.