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.
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Last
$2.07 |
Change
0.040(1.97%) |
Mkt cap ! $2.335B |
Open | High | Low | Value | Volume |
$2.05 | $2.10 | $2.05 | $5.282M | 2.549M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4980 | $2.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.07 | 18565 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4980 | 2.060 |
4 | 32806 | 2.050 |
4 | 72518 | 2.040 |
2 | 4578 | 2.030 |
1 | 4548 | 2.020 |
Price($) | Vol. | No. |
---|---|---|
2.070 | 18565 | 2 |
2.080 | 31343 | 4 |
2.090 | 244131 | 6 |
2.100 | 101779 | 5 |
2.110 | 34236 | 4 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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GMD (ASX) Chart |