Vista Gold Corp (VGZ)

[Picassa]

Fair value for VGZ


Combined with Vista's Yellow Pine deposit the new project, known as Golden Meadows, will have an estimated 3.95 million ounces measured and indicated mineral resources and 2.4 million ounces of inferred mineral

VGZ GET 35% OF YELLOW PINE = 2.2M GOLD ONCE (High grade 2.2g/t)

VGZ GET 100 % TODD PROJECT = + 7M GOLD ONCE (Low grade 0.8g/t)

VGZ GET 100% CONCORDIA = 2.2M GOLD ONCE (Low grade 0.9g/t)

+ 4.4M once (Different mines)

So we're having here 2.2M (High grade) + 9.2M (Low grade) + 4.4M

50$ (low price for high grade) X 2.2M = 110M$

20$ (low price for low grade) X 13.6M = 270M$

Total 380M$

Fair value for VGZ

380M$ / 71 O/S (New O/S) = 5.36$/share