When is an exploration company worth £1 billion? Very rarely. When does its market cap reach £1 billion with almost no, or no, institutional support? When you are in a bull market and the stock is being ramped by folks saying it could treble again. Ask yourself would you rather own 40% of Centamin (CEY) which has cash, is producing vast amounts of gold and whose directors are not big sellers of stock or 100% of an exploration play with heavy boardroom selling like Greatland (GGP). Exactly…my thoughts too which is why I own Centamin. But Big David Lenigas owns Greatland and so writes on facebook: