Where will the sp go? Some thoughts.21 Jun 2024 00:25
I posted this back in February of last year:
"Simplistic price forecast: 450,000 oz at £1354/oz = £609,300,000Divide that by 3,570,000,000 shares in issue and you get £0.17. Deduct 50% for all in sustaining cash cost for mining and still at 8.5p profit . And that’s the lowest end of forecast of oz’s recoverable just from Olympic. Just need to prove up the asset and away we go, potential mega multi bagger."
And that's just the gold which is now at I posted this back in February of last year:
"Simplistic price forecast: 450,000 oz at £1354/oz = £609,300,000Divide that by 3,570,000,000 shares in issue and you get £0.17. Deduct 50% for all in sustaining cash cost for mining and still at 8.5p profit . And that’s the lowest end of forecast of oz’s recoverable just from Olympic. Just need to prove up the asset and away we go, potential mega multi bagger."
And that's just the gold which is now at £1864/oz, 37% higher.
What will happen if a copper JV is announced?
Always a punt but now a more de-risked one with some very exciting additional opportunities for significant upside and a fundamental rerate.