The real answer is who knows but 8p per share and a market cap of just under £300m they are grossly undervalued. Based upon the recent drill result at Havieron which is where all the excitement has come from the site is worth much more. They also have a site called scallywag and it is showing the same magnetic anomalies as Havieron. Newcrest has a farm-in agreement with them and they have powered through the first two stages already so they can only see a buyout.
My best guess would be 15p by end of June and upper limits of 50p if they don't get purchased till later this year which would be more beneficial for us. The bottom line is Greatland Gold owns the land where the gold is and Newcrest have the ability to easily get it out.