Congratulations to all share owners.Can someone please post again the equity research from September 2021 (RCR) ?A lot has changed in the meantime and an enormous de-risking has taken place.
" We believe the Kanyika Project is significantly undervalued by the market - our (GBE 90% share) conservative post-tax NPV of US$455-US$837M (A$0.58-A$1.23/share range) points towards a potential re-rating of GBE towards development. "
Furthermore, it was mentioned in the report that the price target of 60 ct. is on the lower end of the valuation range.
When I remember how much noise there was around WA1 in January for 2 drillholes and what valuation was made for them, the price target should behere, taking into account the number of shares, surely a valuation according toof the above mentioned research should be possible and at the upper end, as GBE is surelyhas something more to offer.To internalize the whole report once again broadens the view for thewhat now lies ahead of us.
Here's to an exciting week elsolivars
GBE Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
