RE:RE:pvg Touareg,
Can you help quantify "going through the roof" or in other words, where do you see this stock price heading if based on certain assumptions in gold price
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A quick /easy / dirty way i use for best case scenario is below:
Production oz / yr = 450k
Allin cost/ Oz = 550$ ( rounding it from 510 to 550 to adjust with inflation etc).
Gold future price assumption = 2000/Oz
Year for valuation = 2017
Cash Flow pre tax / year = 645 mm
Assuming 8 times multiple for canadian producer
Future Mkt cap = ~5B
Fully diluted Equity assumed = 150mm ( assuming equity / debt for fund raising)
2017 share price = 33$ ( ~4x multiplier at current prices)
If gold price =3500 /Oz will push the target price = ~70$ ( ~9x multiplier)
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Hoping to hear your thoughts
GSB