If GMD can get their reserve anywhere close to BGL (I think they will), the NPV is surely going to be at least $500M, this is over 3 times the current MC. Bear in mind, GMD already have infrastructure in place so I expect a relatively low up front cost whereas BGL is $255M. The AISC I expect will be similar or if not slightly lower for GMD as they have a significant open-pit component whereas BGL do not. Remember, the gold is shallow and open in multiple directions which will inevitably lead to further resource updates. Surely multi-bag is on the horizon after this resource update and DFS. Buy time while the price is low...
BGL went down today to $650M MC which is fair. GMD is significantly undervalued at $130M.
Ann: Investor Presentation - RIU Explorers Conference, page-3
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Last
$2.28 |
Change
0.045(2.02%) |
Mkt cap ! $2.561B | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.31 | $2.24 | $2.752M | 1.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 86182 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 61921 | 74 |
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| Last trade - 15.28pm 15/11/2024 (20 minute delay) ? |
| GMD (ASX) Chart |