In support of the $1.68 per share price data that Grizzlyrosegold shared:
It may seem to some like this would be a wildly lofty goal, pure fantasy right. Well, the data (as Grizz and others continually point out) suggests quite the opposite. To wrap your head around the possibility you have to let go of the Mill permit concern and accept approval as a foregone conclusion. If you are not able to this…stop reading here.
Now for those who can look out on the horizon with the mill behind us, here is how it is quite probable CGI can produce a $1.68 PPS and beyond:
A few (conservative) assumptions: AU/oz =$1,400, Silver / oz = $29, Mill capacity 700/tn/dy
1. Our $1.68 would be based on a specific P/E ratio. For our example we will use 35 (Gold is hot and P/E’s trend to the high end of the range.
2. When we back out our P/E of 35, the PPS would be $1.68 / 35 = $.048 EPS 45% profit (profit % is very conservative with AU at $1,400 but what the heck)
3. To achieve an EPS of $.048 you need $208,320,000 in annual revenue. 2,800,000,000 (some dilution built in for uh “er”) OS x $.0744 RPS = $208,320,000
4. To achieve $208 million in revenue you need to produce 148,800 oz AU/ yr
5. To produce that many oz’s of AU you need to mill 408oz’s/ day from a 700 tn/dy mill operation or .058 oz / tn
6. For those who have seen the data you will understand that our current ore data does not indicate this level of AU / tn. Our blended au / tn from near mill properties is closer to .045 oz / tn which means we can produce 114,975 oz /yr 33,825oz short of our goal
7. The short fall in gold production can be overcome by our silver content levels confirmed in our ore with indicated levels as high as 15oz / tn
8. So our gold production will generate $160,965,000 leaving $47,355,000 that can come from silver. $47,355,000 / $29 / oz silver = 1,632,931 oz/yr silver
9. 1,632,931 oz /365 days = 4,474 oz / dy
10. 4,474 oz / 700 tn / dy mill capacity is 6.39 oz / tn silver. Well within our ore content range for silver.
11. Result…$208,320,000 in revenue.
This is how you achieve a PPS of $1.68 if you are structured and own assets like CGI does.
As always, I would ask the brain trust of the board to poke and play with this (Burk, Pgil, Ficose, Grizz, AK, Josey, 567tbd, Calidreamin, Corson, Albo, viet67 etal.)
As the Grizz said, the data is there if you care to read it. So…for those who doubt the possibility of $1.68 pps please provide contradictory calculations using values that can be proven / backed up.
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