Valuations4 Feb 2020 10:00
If we take a relatively conservative view and assume that each Havieron ounce is valued at $200, then the total value of Greatland’s 30% project interest (on the assumption that Newcrest takes a 70% stake) is as follows:
-LOW: $234 million (£178.7 million) ( (3,900,000 X 200) X 0.3 )
-MID: $348 million (£265.8 million) ( (5,800,000 X 200) X 0.3 )
-HIGH: $462 million (£352.8 million) ( (7,700,000 X 200) X 0.3 )
No matter what scenario you apply, this initial estimate compares very attractively to Greatland’s current all-time high market cap of £104.1 million.
No brainer. Btw the above is just based on haverion
This is so cheap at current levels it’s ridiculous . 10p plus coming short term