RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anaconda out of the game! RCG comes down a $32.8M balance sheet with $12.8M of share holder equity.
Plus $20M of tax credits off balance sheet.
The 10 interested parties are looking at the same thing.
Will it go to the highest bid ?
Or to the best partner and the best terms ?
And finally at what price ?
Stories are great. They are forward looking.
Numbers are an anchored in the past but also back to reality.
Damian your numbers swing between $10M and $50M.
The $30M balance sheet is right in the middle.
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Since you love numbers ...
Cipher research studied the value of gold in ground.
Study was from 1990-2013 (so, including peak gold)
The conclusions that can be drawn from the statistical analysis illustrated in the charts and tables include:
* 80% of all transaction occur at $90/oz or less
over half (56%) occurred below $45/oz
* With the exception of a few outliers, there is little or no correlation to the price of gold
* The average price paid for gold in the ground was $63/oz
* The median price was $39/oz
https://www.cipherresearch.com/reports/150601_The-Real-Value-of-Gold-in-the-Ground.pdf
The cavaet to the Cipher numbers is that miners have struggled since then.
Goldboro is 45% of Anaconda.
ANX market cap CAD$33.8M
Suggests Goldboro is worth USD$11.3M.
Higher if you think the P/B of 0.75 is too low.
$11.3M/870,000oz = USD$13/oz gold in ground