Ann: Corporate update, page-75

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jlgread

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22/04/24

18:08

Post #: 73462432
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Originally posted by jlgread: ↑

I don’t know if I agree with “the scoping study being a mess”. In my opinion, it is an accurate study (apart from prices but thats because the Russians were dumping Pd & Pt due to war and the assumption of less Pd due to less ICE cars being produced). Cherry picking assumptions is a bit rich too. Its a fairly comprehensive study. But a scoping study is what it is nothing more or less. The more definitive and critical is the prefeasibility study due in about a years time.

The minerals in the ground haven’t moved and are still there. The optionality is unbelievable - what with all six metals. With this optionality it’s nearly impossible to make accurate assumptions. Hence the relevancy of a prefeasibility study.

If we go by the value of the minerals in the ground - even with just 10% of the MRE the SP should be circa $16 right now not $2.60 as published by some brokers. There is a good chance that the current MRE may get bigger too.

It is almost 12 months since the last CR which raised $70 million at $7.30 per share. All those instos who invested at that price are still there and not concerned?

Not investment advice and I could be wrong. My opinion only and please DYOR

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Funny i had no idea there’s a trading halt on MRE and now we’re are looking forward to what it is going to be.

I’ve always said Gonneville is a growing monster!!!!!!

It’s game on…… good luck guys.

CHN Price at posting: $1.29 Sentiment: Hold Disclosure: Held
14 Upvote

1 Great analysis

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