Oligopoly said "According to that logic, the share price should be around $3-$4, and it's nowhere near that. I have a feeling the company is not telling the truth."
If you take the NPV of $748 million based on gold at $1,350 an oz. and divide it by the O/S of 193,600,000 you'd get $3.86 per share
If you value gold at $1,150 per oz. you'd get $3.29 per share.
Positives: Current drilling seems to have discovered a new zone. Drilling should be adding more ounces to the inferred cat. New drilling will only move ounces from the inferred to the indicated column. Revised 43-101 in Q4 will should show an increase in the NPV.
Problem: Q4 is a long time to wait in these uncertain times. Solution: Management needs to hold investors hands. Make sure they are comfortable with thier investment in ME. Attract new investors so that current shareholders realized that there expectations for this company is shared by others. If they want investors to hold their positon they should be prepared to keep remininding them of what the value is of what they own and what is being done to increase the value of their investment.
A long time hold is not something I believe in, but , I do believe that the future for this company is looking very good.
There are a lot of 1,000,000 oz. deposits; who cares. But a 4,000,000 to maybe 10,000,000 ounce deposit now that is something worth owning.
by HejIrish another BB....
Congratulation its a real gold mines bargain -
Land position of scale: 100% interest in 5 projects along prolific Destor Porcupine -
There are a lot of 1,000,000 oz. deposits; who cares - But a 4,000,000 to maybe 10,000,000 ounce deposit now that is something worth owning.
HeyIrish wrote: From the last new release: "We have yet to identify any limit to the Discovery Zone structure, one of several priority targets in the volcanics along a 12km strike across our Golden Highway. "
"A Preliminary Economic Assessment (December 2012) for the flagship Golden Highway generated a Net Present Value of $748M using US$1,350 gold based on the NI 43-101 resource estimate of 1,091,000 ounces indicated (31.1 Mt at 1.09 g/t Au) plus 3,204,000 ounces inferred (83.3 Mt at 1.20 g/t Au), clustered within four kilometres of similar geology."
Anybody know how many drills are turning? or when we can expect more results?
According to that logic, the share price should be around $3-$4, and it's nowhere near that.
Moneta its a real gold mines bargain -
Land position of scale: 100% interest in 5 projects along prolific Destor Porcupine -
If you have patience this stock will be a minimum 10 bagger or more patience is needed great property next set of results will be out in the next few weeks this should confirm another 1.5-2m ounces and big boys are all around us so takeover is a no brainier if this gets up to the 6-7m ounces.
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