OTCPK:HCGI - Post by User
Post by
bossuon May 04, 2017 3:00pm
242 Views
Post# 26204639
Valuation
ValuationLast year Lake Shore was sold for $ 950 MM and was producing 45 000 oz/quarter or 180 000 oz/year
In this morning release
Fosterville at 46 083 oz...for the Q1(same as LSG).valuation =$ 950 MM
Macassa at 48 723 oz For the Q1 (same as LSG)valuation pro rata $ 950MM x 108 %=$ 1,026 MM
Valuation of these two production units =$ 1976MM /206 000 000 =$ 9.59/share
Total production for the Q1 =130 425...............................................................................
Production at Foster +Macassa=94 806.................................................................
Balance 35 619 oz and LSG valuation = $ 738 MM /206 000 000=$ 3,58 /share
Total actual valuation of KL =$ 9.59+ $ 3,58 =$13 ,17..................................................
And this ball park figure is based on 130 425...................................................................
With the revised guidance taking the mid point we have 550 000 for 2017 or 137 000/quarter
and give an additionnal 5% share value or 105%X 13,17= $ 13,82.......................................
Surely that Tony would accept a $ 14,00 offer for the new Kl and so do I....................
This is why I have added some share at the actual price.