RE: Calm and long - this is why - double digits easy here17 Feb 2020 12:02
Post of the day from JE:
Ok here goes...Proper maths on Havieron....here are the targets sub 10 mln ounces...we could be nearer 20 mln ounces here by end of 2020 early 2021. The amount per ounce paid usd goes up with the bigger the resource.
A) If 7.5moz at $180, stake GBP 312m =>8.8pp. B)If 7.5moz at $225 (more realistic see below chart and link ) =>gbp 389m=> 10.9p
A) If 9moz at $180, stake GBP 374m=> 10.5p. B)If 9moz at 225 (more realistic) => stake GBp 467m=> 13p.
Now if we are 20 mln ounces then u can now see why many are talking about 25p + share price. In all the above scenarios the price is massively undervalued here and with 20,000 to 30,000 m of drilling to come from newcrest over the next 2 quarters and the Maiden resource estimate we are heading up fast from here. Last few days have just been clearing out all the retail traders and replacing with smart money...now watch the price boom
For those that question why does the USD per ounce go up....read this link from BHP Bilton (the monster co) to understand why
https://www.bhp.com/-/media/bhp/documents/investors/reports/2006/amecconference.pdf?
See page 12 and 13
Stick with the experts shall we....yeap...but nice trying to deramp this guys but i stick with the fundamentals and research here...see you at multiples these prices
Calm and long...