RE: Kopara %8 Sep 2018 17:06
Some really excellent comments today on the prospects here. i think it shows our combined knowledge and reasonable hopes for the next few months/year.
Sta60 I like your comments. I might have read them wrong but we are actually 99%+ owner of CASA now but whilst NvS said the upgraded results there were "a game changer", this is still small fy in comparison to Zamsort.
I'm largely in tune with the earlier calculations re Zamsort and used the starting point of the sale of Number 22 a few years ago for $260m. I've taken a more conservative look at our potential (that way I won't be disappointed!), so even not taking into account any inflation/increase in Co/Cu prices since then, it's reasonable to expect a similar figure for each of the nine sites. This would equal circa $2.3bn. Assuming we own 70% of Zam, our share would be circa $1.6bn. Even taking off an arbitrary 25% if some of the sites didn't quite realise the same value and assuming "lumped together" sale then we're still in the region of $1.2bn. So i guess i'm generalising the same long term hopes as you guys? Either way that would translate into a pretty healthy sp which makes our 5p today look very small. I won't make 1m+ shares but am continuing to add and if i can get to 800,000 that'll do me very nicely. Please feel free to correct my musings. All comments welcome as i might be way off the mark.
This bb is really just how a discussion group should be but you gents are right when you say the herd will arrive at some point. maybe time to take a step backwards then!! Until then thanks all for your very valuable input.