Saturday, October 02, 2021 7:55:59 PM
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
My posts are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor.
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM