A very detailed update thanks GG8...
For those playing at home.. I wrestled with ChatGPT to map a possible Mulwarrie MRE scenario - inputting Mulwarrie drilling numbers / 4 g/t grade / mining costs allowance / etc and after a few tries, ended up with this as a potential outcome of the Mulwarrie MRE.. in the months following the MRE..
(Plus, as an added bonus, Comet Vale MRE in Q4 was not taken into account, also I asked it for a peer review and the SP % improvements were comparable)
** Anybody with greater experience than I, practical or investing - what do you think?
200k oz a GG8 share price of 67c to 89c
400k oz, a GG8 share price of $1 to $1.43
It appears consistent with Euroz 74c appraisal?
Updated Valuation Scenarios (With 4 g/t Grade)
Using improved margin and lower AISC, and still applying a conservative market cap multiplier (0.3–0.5×):
| Resource | Margin/oz | Net Revenue (A$M) | 0.3× Valuation | 0.5× Valuation |
|---|
| 1 | 200k oz | A$3,500 | A$700 M | A$210 M | A$350 M |
|---|
| 2 | 400k oz | A$3,500 | A$1.4 B | A$420 M | A$700 M |
|---|
Resulting Share Prices (646M shares):
| Scenario | Market Cap | Share Price (A$) |
|---|
| 1 | 200k oz | A$435–575 M | A$0.67–0.89 |
|---|
| 2 | 400k oz | A$645–925 M | A$1.00–1.43 |
|---|
(20min delay)