It's nearly always a punt in early exploration. And the long shots that get up can go 100+ bags.
This happened for Greatland Gold at "Havieron" 100k north of us.
The JV is with Newcrest with GGP.L (Pommie stock) retaining 30% and Newcrest having an option to buy a further 5%.
In short Greatland was trading at 0.06p in September 2015 and went on to trade at 37.35p in December 2020. That is 622 and a half bags....
It's a long shot as you say Zenzen - but it happens.
Ann: RIO Tinto farm-In & Joint Venture, page-21
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