RE: This is a really nice board9 May 2020 14:25
tb1416; that is one hell of a question for anyone.
Start at the bottom end. Most gold / silver / other exploration companies fail. You get a few geologists matey with money men, seek out some potential , throw in a few quid of their own then go to the AIM market with a briefly researched prospect with a few indicative shows , and sell shares for £5 Million to £50 Million . 19 out of 20 fail to find a sufficient qre body that a major miner would wish to waste money on, and you lose your money.
THEN there is the exception , and at this stage the GGP looks like that exception. NCM , Paddy , Magic, Me , and more than quite a lot of others think that GGP is a massive exception. But the market is generally nervous ( Institutional Investors that is ) until the revenues are close to flowing or their is absolute certainty.
So the SP remains way down, - brilliant for the pi's who can get in cheap , but who tend not to affect the pricing all that much.
The 1st major step has been the NCM JV. That would not have happened if they did not feel pretty good about it.
Next BIG announcement will be the MRE. An independent regulatory body will die stamp it and if its good, then you will see the SP move from its current 5p to poss. 12p range ( gossip and part news will disturb the SP a bit but not much.
Then NCM may make an offer for Havieron an that instantaneously slaps some sort of a valuation on it and - lets say the not unreasonable £1 Billion , then you are looking around 35p.
The MRE could be 10M oz 15 / 20/ ,25 / 30 / and may be more , and then you have to gear up your value accordingly.
But just read this board. It is littered now with expertise, you NCM 's Sandeep and GH jumping all over this like spring lambs, we have a PHD geologist rubber stamping the geology , we have a brilliant air to surface satellite reading expert who analyses total site activity, we have activity stepped up in rig count and hours / speed / pace of progress etc. etc. SO................Mr New Investor , utilising all this amazing knowledge, if you want to make some money, DYOR ( with our help )
If you ask me, I'm daft enough to believe its an absolute massive blinder - a no brainer , - but that is me, and it is not investment advice. Judgement and PATIENCE are what is needed. NCM have a failing mine down the road, with a thousand employees. They need more ore resource. Do I think they believe in Havieron ..... and Scallywag....and Blackhills ./.....and..... and...... Maybe I do - so I will be staying around a little longer .....Somewhere between 5p and £1-15 p i would guess.
tig