GGP valuation

[TheWishingWell]

Hi

I'm fairly new to this so please help.

I'm trying to understand what the true valuation of GPP share should be. by working out the annual profit for each and the expected mine given its life
I've treated each project independently and assumed a PE to be just under the mine life of each.
I've assumed a conservative gold price and basing it on what we know, not what we may find in the future.

Project AISC Gold price ($) Profit /oz 15 month oz prod 12 month oz prod Profit ($) in 25% tax Profit per share PE Price per share $

Telfer 1454 2750 1296 426000 340800 331,257,600.00 0.025325505 6 0.151953028
Hav 811 2750 1939 258000 375,196,500.00 0.028684748 10 0.286847477

Total price per share =$0.44 = £0.33

How far am I out. I'm very open to be corrected/differing opinions.

[TheWishingWell]

that didnt format very well

[Rotherby]

You need to repost in CSV then anyone can format in spreadsheet, I have tried but I does not work for me

[Fredericksson]

Here's a formatted copy of the table

I'm not sure myself about the assumptions and valuation methods, so I'd appreciate any views or insights too

[TheWishingWell]

Thanks for that reformatting!

I should have also said this is a forward looking valuation when Telfer and Hav are producing, based on what we know and an assumed Telfer extension of 7yrs based on the latest resource estimate.

[Rotherby]

Sorry to repeat,

The formatted table is ok
if you also post in CSV format
Then others can paste into a speadsheet
And then adapt to their needs.

Thanks for posting.