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
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