RE: GGPSP17 Jan 2022 18:00
Hi Zoros, I am chilled, but it does get to me when I see the inaptitude of fellow posters posting complete bol-locks on here.
One thing you learn in business is being prepared to walk away from something if it isn't right for you.
If I where in the negotiating team then I would be asking for multiples of what is being spouted on here.
Have you ever stopped and thought what happens, if this does end up being a find of 30, 40 or 50 million ounces.
At a $1000 profit per ounce at todays POG, then for every 10M Ounce that is £10B yes billion dollars profit.
So lets say Shaun & Sandeep assess this and come up with a prediction of 20M ounces. That would equate to $20B profit.
5% of $20B is $1B.
Now Shaun could do one of two calculations at that point.
He could either say to NCM, right then, I believe there is no more gold to be found, so because the Gold is still in the ground I will accept a 50% discount of $500,000,000
Or he could say, I believe there is a helluva lot more to be unearthed, so I am not giving you any discount, but if you find more, then that is where you will win.
And that is not accounting for the copper or any other finds on the tenement.