Some big sell orders capping the share price while Gold is 1900+. Someone offloading or someone trying to cap to load up at lower levels? My guess is the latter. Who would sell now while POG is up 10%?
by the way, a 10% rise in gold means another 200M added to NPV based on SS1. Based on what we think a SS2 will look like (doubling of indicated resource, and grade up), this might equate to US$400-600M addition on POG rise alone.
Grade adds another US$400-600M per 10%, but we think the grade will rise a lot more (22% or much more). let’s assume 20%, so that is 800M+
So IF we get to 6Moz indicated under these assumptions, the NPV would be 1 - 1.2 Bln higher than SS1 using conservative numbers. So new NPV at 1.5 Bln.
In the Goldilocks scenario where grade increases more and faster revenue due to RPM prioritization, we may be looking at 2 Bln+
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6 | 319938 | 0.150 |
6 | 142874 | 0.145 |
6 | 180027 | 0.140 |
4 | 330248 | 0.135 |
Price($) | Vol. | No. |
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0.160 | 150000 | 1 |
0.170 | 18380 | 2 |
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