DEC 20 vs MAR 2517 Mar 2025 09:58
A great post over the weekend. Sorry for not crediting. “For some who question the 38p peak and no of shares, a rough estimate to then vs now, to show we should be multiples of todays value. They always bring up the no of shares, but they never recognise how the company has changed since 2020 😉
DEC 20 vs MAR 25:
Market cap - £1.48 bn vs £1.24 bn
Telfer mine - 0% vs 100%, as indicated in the latest RNS, VERY likely many years of mining left!
Stockpiles ore with zero mining cost - 0 vs 509,000+ ounces equivalent (worth $1.5 bn today)
Telfer processing facilities- 0% vs 100% (3rd largest in Australia, 20mtpa dual train facility)
Havieron - 30% vs 100%
O Calaghans Tungsten - 0 vs 100% ownership of one of the best tungsten deposit in Aus
Debt - £20m vs £0 (NIL)
Cash - £5.9m vs $167m
MONTHLY Revenue - $0 vs $90-100m+
Nothing vs Telfer staff, Living quarters, landing strip, Equipment...
GOLD PRICE - $1750 vs $3000 🤯
CEO and BOD - to then vs Now
Geopolitics - Stability vs chaos of today
All the drilling and development that has taken place since Dec 2020
Probs missed tonnes of other stuff.
And with all this Market is still lower 🤣🤣🫣 INSANE.
Therefore comparative value of 38p peak regardless of the increase in no of shares is totally irrelevant and nonsensical to compare, GGP is now in a much better position by a millions miles in every single way possible. Yes the shares have increased, but it's a TOTALLY different company today.”