General Discussion Topics, page-4258

Something of interest - asked AI how GBR could reach a $1 Billion market cap.



Great — here’s a hypothetical pathway for Great Boulder Resources (ASX:GBR) to reach a $1 billion market cap, broken down into milestones, share price targets, and an estimated timeline. This is based on industry benchmarks, market sentiment, and ASX gold developer trajectories:

PHASE 1: Resource Definition & Growth (2024–2025)

Milestone: Maiden or updated Mineral Resource Estimate (MRE) at Side Well or satellite assets

• Target Resource: 1.5Moz @ ~2.5 g/t
• Catalyst: Strong drill results, maiden MRE news
• Market Cap Estimate: $100–150M
• Share Price Target: $0.15–$0.20
• Timing: H2 2024

PHASE 2: Resource Expansion + Scoping Study (2025–2026)

Milestone: Resource grows to 2.5–3Moz

• Blend of open pit and underground with high grades
• Scoping study shows strong project economics:
  
  • NPV (pre-tax) > $500M
  • IRR > 30%, AISC <$1,200/oz
• 
  
• Market Cap Estimate: $250M–$350M
• Share Price Target: $0.30–$0.40
• Timing: Late 2025 to early 2026

PHASE 3: PFS + Strategic Partner or JV (2026)

Milestone: Pre-feasibility Study released

• Confirms economics and development pathway
• Strategic partner signs on (e.g. mid-tier gold producer or royalty firm)
• Permitting pathway begins
• Market Cap Estimate: $400M–$500M
• Share Price Target: $0.50–$0.65
• Timing: Mid-to-late 2026

PHASE 4: DFS + Development Ready (2027)

Milestone: Definitive Feasibility Study with construction decision

• Resource >3Moz
• Funding options explored or secured
• Potential M&A interest
• Market Cap Estimate: $700M–$900M
• Share Price Target: $0.75–$0.90
• Timing: Early 2027

PHASE 5: $1 Billion Club (2027–2028)

Milestone: Construction begins or strong acquisition offer

• Strong gold price backdrop (USD $2,300–$2,500/oz)
• Market rerates GBR alongside major gold development plays
• Market Cap Estimate: $1 billion
• Share Price Target: ~$1.25–$1.40
• Timing: Late 2027 to 2028

Key Enablers:

• Resource scale: 3Moz+ is likely essential
• Grade quality and mining method (low strip open pit + high-grade underground)
• Cost control: Capex/AISC within investor expectations
• Jurisdictional advantage (WA remains key drawcard)
• Gold price stability or upside