dr_airtime, thank you very much for your detailed plan.
Just what the doctor ordered!
Not familiar with most companies, except Perseus & First Mining Finance - owned them as FFMGF last year, and almost doubled my money in a few months. Keith's companies have been very good to me over the years.
If anybody is interested in their business model, here is a Back-Of-The-Envelope valuation:
FFMGF Price: US $ 0.45
Shares: 628.4 M
Market Cap: $ 282.78 M
Gold Equivalent In-Situ: ~ 11.75 M oz.
AuEq/Share: 0.018698 oz.
AuEq Valuation: $ 24.07
Conservative PPS Target @ $ 35 to 40 AuEq = $ 0.6544 to 0.7479
Aggressive (Long Term) PPS Target @ $80 to 100 AuEq = $1.49 to 1.87
Add a "premium" for Silver Equivalent In-Situ of ~ 26.5 M oz.
(Last year's Conservative Target was right on the nugget, but that was last year...)
Cheers,
Luke
P.S. My pleasure, rrten!
