The market has been totally lagging behind on Antipa. How long did it take for the market to wake up to the fact that Antipa’s assets could have value all while NCM/GGP’s Havieron was progressing well? The market this year has been taken by surprise by the 3 JV announcements...
on the contrary I see this as a clear indication of lack of market efficiency on this stock; which is great for us to keep on adding to the position.
People looking at Antipa have still not figured out the sort of resource multiples GGP is currently trading at, on $/oz basis. Why such premium? Because ore would be treated at Telfer, so low Capex; and this higher IRR.
How are the economics for Antipa? Similar in this sense. Wilki and 100% owned asset’s ore would also be treated at Telfer. Caliber ore at Winu.
In other words, this market will soon wake up to a stock which like GGP will trade at double to triple other gold listed explorers.
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