Amani Gold Ltd (fka BRYYF)

[QTRADERQ]

BRYYF should be .06...and .18 if all gold is-"proven". Here's why..
https://www.mining.com/web/heres-how-you-value-any-gold-project/

THEIR FEASIBILITY STUDY INDICATES:
2.5M "indicated" reserves * 60% degree of certainty = 1.5M oz of Gold

1.9M "inferred" reserves * 30% degree of certainty = 0.57M oz of Gold

TOTAL "MINEABLE MINERAL" RESERVES = 2.07M oz (1.5M + 0.57M)

@ $1,758/oz current spot price of Gold

= $3.639 Billion REVS

@ 1.64% Net Profit Margin (Industry average for gold miners)
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html

= $59.68 Million Net Profit

@ 14B OS (TAZMANS number according to his prior post)

= .004263 EPS

Multiplied by PE Ratio of 22.11
https://csimarket.com/Industry/Industry_Valuation.php?ind=108

= MARKET PRICE OF .094 before the 65/35 split with the Democratic Republic of the Congo

BRYYF 65% OWNERSHIP gives a stock price of .0613. TODAY.

(If BRYYF proves up their resources to "Probable", then we'll have 90% certainty according to industry valuation standards, and a FUTURE EPS of .00816 and stock price of .18.- at a 22 pe)

JMO