Value Microcaps Junior Miners

[dr_airtime]

GRG.V/GARW - Silver Standard Buyout

Golden Arrow's Chinchilla Project could be fully bought out by Silver Standard as their Piraquitas mine runs out of ore. Chinchilla is 30km from Piraquitas and Silver Standard and Golden Arrow have struck a deal for a 75%/25% JV. I think the more likely sceanario is Silver Standard buys out the 25% for a fair value (read=full value) since 50% of Golden Arrow is held by tight hands.

There are tons of articles out on this but I'm looking for a valuation calculation anyone else out there may have seen who follows Golden Arrow.

i think buy-out could range from USD 50-100m. Could be a cash cow as there is likely little up-front capex, but higher cash costs with trucking 30km. Lower end of USD 50M is around $CAD 67M vs. current market cap of $CAD 75M. Get the rest of Golden Arrow for free who is one of biggest land holders in Argentina.

The best find I have is this conference call link from third article below

http://blog.geckoresearch.com/wp-content/uploads/2016/11/SSO_2016-11-9_QF_Conf_Call.mp3

https://www.theaureport.com/cs/user/download/co_file/4794/2016-05-18_TNM.pdf

http://seekingalpha.com/article/4026661-golden-arrow-resources-silver-standards-upcoming-silver-joint-venture-great-value

https://www.theaureport.com/pub/na/a-decision-on-golden-arrows-chinchillas-project-could-be-near-plus-the-election-and-precious-metals