Galiano Gold Inc GAU

New Corporate Presentation including Pro forma acquisition

[nozzpack]

What stands out at you is that GAU subsequent to the close in Q1 of 2024 is that GAU at its current share price but including the equity portion of the acquisition, will have a market cap of $167 m USD and cash of $128 m USD.

No debt and self funded mine expansion 

That is we are just paying $40 m USD for this cash cow and it's reserves.

My calculations show that at $2000 POG and forecast production of  167,000 ounces in 2024, we shall add about $75 million USD in free cash flow , elevating our cash position to about $200 million USD at exit 2024, which is above the FD market cap of $167 m USD as at close in Q1 of 2024.

That is at the current market cap, we are getting the entire company free with about $30 million USD as a bonus.

Given the cash position , the Fair value at exit 2024, would be about $6 per share.....higher if a dividend is instituted..

https://s24.q4cdn.com/325379252/files/doc_financials/2023/q4/12-21-23-Transaction-Presentation-Final.pdf

[matt2018]

not much investor interest in this company through years of the JV structure. Never really made much sense. We can see that on this board, compared to most other gold producers.  Perhaps that will change now. If Gold price holds up like you mention in your calculations, then it will be a cash cow, especially starting 2025 when production is expected to go to 250k oz/yr. Maybe they use that

[nozzpack]

Current LOM is about 8 years but they have 2,5 million ounces of gold outside the Reserves on which the current LOM is based . Also, they have a huge land position that ofers very prospective exloratin upside. So, a much longer LOM can be envisaged . Bulking up the share price along with large cash position should provide a good basis for acquiring additional productiin should they choose that

[matt2018]

I believe you are correct in your analysis.. If Gold price holds this could pop hard on the 1st quarterly report as a stand alone. Not many gold companoies have that production profile with no debt and over $120M in cash.