Jeez that would put the kiss of death on it for sure. If any of the recent disastrous NZX IPOs are anything to go by. But no, if they do really list here hopefully we can (finally) get a winner.
A decent IRR% for a Gold project in the scoping study see how the DFS looks esp with a higher NZD Gold price ... certainly looks like a BUY to me ...
If it does list on the NZX would be the first stock I'd actually want to BUY in a long times since OGC days
I think he said they have 40% of their share registry as Kiwi domiciled.
Quite likely to be standout in a pretty lackluster market. Market Cap would attract NZ institutions. Also diversity for NZ investors as not too many mining stocks to invest in let alone gold stocks in NZ.
Also not a bad thing to say if you are looking to get FastTracked by the NZ Government.
Yeah it's a pretty robust looking project, but they have hardly scratched the surface so to speak in regards exploration and I think there will be plenty of upside in that regard over time.
And right on cue, indicated resources upgraded to 1.45M toz
https://www.tipranks.com/news/compan...urce-estimates
NZX compliance listing on July 25
Excellent summary of the project presented at the Sydney Mining Conference.
I once hosted the panel at this event in a different life.
https://www.santanaminerals.com/asx-announcements