See link below for interview given by GPR CEO Ron Heeks at Capetown conference on 1 February.
https://www.brrmedia.co.uk/broadcas...eopacific-resources-highlights-from-cape-town
Very interesting comment on C1 costs by Ron which he estimates at $625 to $650, considerably below the recent estimate of The Sophisticated Investor for their base case valuation of 11 cents which uses $742. That adjusts the valuation to over 13 cents.
If gold also moves to US$1400, not out of the question, the valuation then moves to 18 cents as per extract below from written report by The Sophisticated Investor also released this month:
We initiated coverage on Geopacific with a valuation of $0.11 / share (share price $0.035 / share).
We see further upside potential in the share price as we believe operating costs (TSI C1 Cash Cost – US$742 / oz) are likely to decrease when the BFS is released (strip ratio & power costs), whilst the continued uncertainty in global politics since the change in the USA government could see further upside in the gold price. This could see our future valuation increase up to $0.18 / share (6:1 strip ratio; US$1,400 / oz Au).
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