another big buyer, page-4

Bagman,

Well, on the off-chance that it might help you decide what to think - reflect on this:

AD + Nweibi in-ground tantalum resource ~ 470.458m lbs
AD in-ground tin resource ~ 79.344m lbs

Gross value of Ta resource ~ US$19.76b (@ US$42/lb)
Gross value of Sn resource ~ US$829m (@ US$6.7/lb)

GIP attributable gross Ta ~ US$9.88b
GIP attributable gross Sn ~ US$563.3m

That is US$10.4b attributable gross metal value!

GIP market cap is currently ~ A$42.67m

GIP market cap as percentage of gross attrib metal ~ 0.41%

Which is just way too low!

After the GFC there have been a few companies with JORC categorised resources that have fallen below 1% of market Cap - and I have generally considered them a good buy, as in a more normal market, something like 2.5% would be considered too low.

Years ago, the 'Baring' rule of thumb used to be "buy below 10% and sell at 40% contained metal value" - oh how times have changed!

Before I get 'flamed' by one and all, I do know there is far more to a project than just in-ground contained metal. But in a resource-restricted world going forward I believe supply/demand realities will eventually surface in order to correctly value good mineralised deposits and yes, even GIP may be part of that renaissance.

All the best
CPDLC