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Robert LL

02/26/21 3:54 PM

#275 RE: Bemer #274

I have seen speculation about Winston Gold anywhere from $0.30 to $20.00. For me, I'm seeing $1.00 to $1.50 in 1-2 years. Hopefully that's a conservative estimate. Anybody else have thoughts on short-term/long-term targets?

MaxzMillionz

02/26/21 5:49 PM

#276 RE: Bemer #274

I have put together a model using the companies published production rates and costs that show the share price climbing to $1.28 in 2023. The model assumes current gold and silver prices and a P/E of 9. The model shows the share price dropping to $1.25 in 2024 due to dilution from exercised options and warrants. My opinion is the biggest risk they have is that the three veins do not produce as expected.

I like this upside as a stand alone business with todays precious metal prices. I also like the potential upside of rising precious metal prices and/or consolidation with other resources and a strategic buyout.