RE: nm18 Aug 2020 23:54
Quady (or anyone of the other holders) - what price would make you sell this? What are your expectations here? Intrigued really, because when I see $4.4bn NPV (approx £4bn), and considering that Song is valued at £600m already, then maximum I think anyone would pay is say £2.5/3bn? I guess there has to be profit left for whoever is buying it, although, I still think £2.5/3bn is too much. So effectively that would be the equivalent of approx £1/£1.20?
I know the POG is higher than what they have used to calc the NPV, but if you think of the mine life of 55 years (or even 20 years), no one will pay top $$ for something which so unknown (POG may drop tomorrow to below $1k for example). I have a fair few of these (bought recently at 21p and larger number at 25.5p). My target was £1, but I am probably undervaluing this, so would be very keen to hear others thoughts.