well said Gibb River. If they were to prove up 50mt DSO, your estimate of $10+ is many +'s, more like $20 and a market cap of $2-$3b
Remember the Woodie Woodie deposit of 15.8Mt @ 42%Mn was sold for $1.15 Billion.
Based on this a 50Mt find of equal grade would mean GOT could be worth over times as much = $3.45+ Billion.
On approx 150m shares that comes to a share price of approx $23+
On the Capex, nowhere near $800m-$1b as Gibb River stated.
I still can't believe no one made a seperate post on incoming chairman investing his own $1m at 80c 2 weeks after the stock was diluted 166% by 10c shares. This is absolutely unheard of and in all my time on the market I have never seen anything like this.
Nice accumulation today, the next rise isn't far off I feel
GOT Price at posting:
$1.07 Sentiment: LT Buy Disclosure: Held
