Comment:
I listened to the Vincent Mascolo interview of 13 June 2018 and he said possibly 500m - 1 billion mkt cap based on peers.
Prior to this statement, he was talking of £*s.
However, I do not think he means £*s but US$ because commodities are usually quoted in US$.
SOLGOLD
In many of the earlier presentations, the co talked about $1 billion re-rating vs peers.
As I mentioned, Solgold share price of 46 British pence [52 week high] reached a mkt cap of nearly £792 million. £1=US$1.33 today, 14 June 2018.
So £792 million x 1.33= US$1.053.
Today, Solgold*s share price is 23.5 British pence, Mkt Cap £381.66 million. So one can work out the pro-rata for the above just to check.
Pg 3:
"TARGETS DISCOVERY BASED ON RE-RATING. Examples: Charts- Imperial Minerals [Red Chris] III, Reservoir Minerals [Timok] RMC:V and Intrepid Mines [Bukit Tujuh] IAU: ASX]
Comment:
In earlier Solgold presentations, there was mention of $1 billion dollar peer re-rating. However, from the 3 charts shown, one will have to call up the mkt caps etc. But that was what I recall.
<>IRONRIDGE on London listed AIM mkt -DGR Global daughter co
The London market mkt cap for lithium co*s are not fabulous. Example Bacanora Minerals which has already got an off-take agreement with Hanwa of Japan and mkt cap is currently £113 million at 84.5 British pence.
When I heard Vincent Mascolo mention the said mkt cap potential, I nearly fell off my chair as I have heard it before from Solgold ie about re-rating.
The size of the Ghana lithium must be massive and high grade to potentially get that type of re-rating.
IF, IF it comes true as time goes on, then potentially DGR would have another geo "elephant" on its hands.
NICHOLAS MATHER-
I managed to get the link about re-rating: "We are targeting $1 bn re-rate over the next couple of years as we get through the discovery and definition processes."
(20min delay)
