Goldstone Resources Share Discussion Threads

[highly geared] 21/10/2020 09:09

They were in final stage Gazetting late July, so it should be any day now...

[mavericklewis] 21/10/2020 07:59

15p off the back off permit news. Must be this week... It is holding us back far to long now.

30p easily on the table by December.

40-60p next year.

[highly geared] 20/10/2020 20:41

Trader , like the numbers on the gross profit scenarios. GRL’s G&A will be small , so a high % with drop through to EBIT.

EBIT at $1900 likely to be c. £10 million. Allowing some adjustments and ascribing a PE of 6-8 ( based on them expanding LOM), a min £50 million market cap should be in order once production established through H1 2021. Just need the bloody environmental permit to drop!

Some warrant dilution to follow but all things being equal, 20p should easily be achievable next year.

[trader536] 20/10/2020 14:11

Very well thank you my dear friend. Shame about SRB Q3 ;-) The covid situation in Brazil will have dramatically increased costs at SRB. Half their miners are now being paid to stay in bed, this will push AISC north of $1300.

If we compare the market caps of SRB and GRL we can see that we can buy GRL for just one third of the cost of SRB.

SRB is blindly digging in a covid riddled remote Amazon rainforest, while GRL is operating along strike from one of the largest gold mines in the world, it's resource is open to the east, west and at depth.

If we further look at 4 gold price scenarios we can see that GRL estimated gross profit (far right column) vastly exceeds one third of SRB estimated profit, therefore on a market cap to gross profit basis GRL offers the better value, we can also see that GRL is far more resilient in a gold price pullback.

[highly geared] 19/10/2020 18:52

Kenny; I’ve posted a lot of stuff here over the last year on valuations etc. Read back over my posts + the link Trader provided and you should be fully informed.

Trader and I have c. 1.7 million shares between us, so we’ve done our research and put our collective money where our mouths are.

The macro set up for the gold price over the next 5 years should offer a once in a lifetime opportunity to make serious cash.

Good luck.

[trader536] 19/10/2020 18:45

Kenny the clown - After you've collected the trolleys and swept the car park, you may want to ask someone to read this document to you? It's usually a good idea to research the company 'before' you buy the shares. Pillock.

[borisjohnsonshair] 19/10/2020 11:34

Half term for the Bellend

[goldforever1] 19/10/2020 08:01

Bit early for this rant.. the ADVFN police :))

[goldforever1] 18/10/2020 19:35

25p a not unreasonable target.... ?