RE: Call me crazy, but I see 15p-20p+28 Dec 2020 19:52
Newlunar - have you ever considered that if we are lucky, there may be even more gold than predicted down there? And why not? If they find good, wise veins, with high grades, then anything is possible. But even if they have 250k oz, at the current good price, (unsure what the AISC is, but assume it’s $1000 per Oz) and adding the premium to it (let’s say 50% to current spot gold, then you are left with $500m profit (before any capital expenditure). Even if you reduce that further, still
Immense potential for a tiny £30m market cap company. And that’s just on the Welsh gold. How about the Greenland value (bluejay is £140m market cap, with their flagship asset being same as ours).
For me, as the results come out, I’ll be adding if good news. I sold Ggp much too early, it seems (hindsight is a wonderful thing), but will make sure I am better prepared for the success here