RE: Havieron12 Nov 2023 22:24
Next 'MRE size' competition:
I'm sticking with my Jan 2023 post:
"...We currently have 2.9Moz Ore reserve (OR). This, from the original 6.5MozAuEq.
I'm sticking my neck out and advocating between 8 - 9MozAuEq @ the NCM MRE(2) and/or the GGP MRE(3) stage.
I may be very optimistic because the purpose of the FS is to simply underscore (not increase) the original 6.5Moz figure, bulked out with lots of infill drilling results since the original GGP MRE(2) (supported by NCM).
Out of all of this, I am hoping for a 1.1Moz increase in the Ore Reserve - to 4Moz.approx.
Based on a conservative PoG @ $1800 / $640 aisc - when converted to GBP, approx £900 profit/oz at the "time of production".
4Moz OR / £900 per oz / 30% of the mine / 6Bn shares on issue: SP:20p. (At production).
[Bang in the middle of the 3 broker note valuations (18p - 23p)].
Of course this cannot take into account 'market sentiment' which may push the SP even higher..."
Pressure is building.
Z