Monday, December 11, 2017 5:25:19 PM
If we stay on track and start mining again in October 2018 and lets say for arguments sake Silver Price hits $20 around same time and then slowly climbs up from there to $50 an OZ. Then I believe the following Prices for AXU would move up as follows.
First level for large AXU price movement will be the RE-RATING we get when we make that next decision in regards of Production moving forward in Feb 2018. If we commit the next $8 Million to building out the Flame and Moth incline we will get the re-rating. (EXPLORER to PRODUCER STATUS) That will easily get us in the $3-$4 range immediately no matter what the price of Silver is at that time...
$20 Silver in 2019 will give us $90 million in Revenue for the year if we are producing 4.5 million oz. My guess we would then be at 6x multiple at this point. So easily $6-$8 range in 2019 IMO. But remember the top Silver producers get up to 10x multiple.. So there is some wiggle room to be had to the Plus Side...
Every $10 rise in Silver price adds $45 Million to the bottom line for the first 3 years of production..
$30 Silver Gives us $8 - $10 ($135 Million Rev per year)
$50 Silver Gives us $14 - $18. ($225 Million Rev per year)
Don't forget once Bellkeno runs out of pay dirt, the Reclamation Biz will be spun-off into separate Co. shortly after. Which should add to the Share price prior to that happening as well..
Just rough guesses IMO.
GLTA Waiting Patiently for Feb '18 news !
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