Agree
Add it BP33s maiden 1.4MT, and the fact that latest METS have showed us that we can now get 5.5% at greater recoveries, I would guestimmate an NPV of around $250mil.
Add in any further tonnage from extensions at Grants, and whatever wildcard tonnage BP33 might give us from extension/infill drilling...will be interesting to see the DFS numbers then!
Not bad for a current 33mil MC co with potentially two leading Chinese partners who will potentially pretty much gobble up all our supply, and who’s prepayments will pay for the plant.
But agree: given our share registry make-up and the size of our deposits and any likely future deposits, this is not a “quick money, get rich overnight” stock.
But IMO it will be a very good long-term hold with a nice pay-off at the end of the day. That’s why I’m here. That’s why I continue to hold and buy on some of the lower dips. A lot going for this current $33mil MC coy.
All IMO
GLTAH
Ann: New Exploration Intersections Add to Finniss Potential, page-27
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Mkt cap ! $210.4M | |||
| Open | High | Low | Value | Volume |
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