Valuing GGP ( Havieron ) ................24 Mar 2021 19:27
.....is not that difficult. I employ a superb accountant called Mr Bamps, a hugely regarded money man who seems to understand gold mining in all its dimensions, and who has an excellent grouping of back up staff, miners, geologists, etc . who check his figures and advise. Far more informed than some of the brokers who produce over cautious reports , terrified of being criticised.
The Havieron / Mr Bamps valuation is still well understated as even he only
calculates on the known dimensions of the prospect, when we all know that there is oodles more gold and copper at step out width / length / depth, but that still has to be officially agreed.
Mr Bamps does not at the moment speculate beyond approx. 16M ozs. But we know that this is almost certainly going to be nearly double that amount. , and have to be patient and await the confirmatory drill results.
The drilling season is now accelerating away at speed, and these drill results will soon be appearing.
The big confirmation will arrive later in the the year with the PFS statements.
As to valuing the rest of GGP, for the time being it matters little. But it will build the company in coming months and years. And as for PM prices on the near horizon,- my PM consultant,- Professor Martin Auric Goldfinger Speedy keeps me in touch with this incalcuable dimension.
Whilst I am as frustrated as everyone else with the current SP manipulations, it will not be long to wait now.
Patience. Mittzundapaddybum. Spring is nearly here. The celebratory Stag Gang gathering is only a few weeks away. There will be much to raise a tankard to.
Tig.