Ascot Resources Ltd T.AOT

A mine next door with similar yields goes for 18 a share

[Engineersoilgas]

https://www.globenewswire.com/en/news-release/2021/11/08/2329848/0/en/Newcrest-to-Acquire-Pretivm-for-C-18-50-in-Cash-and-Shares.html

[Forbesa13]

That's a price paid of +/- $3.5 billion or so for the entire company, we're currently at +/- $500 million, so there's plenty of upside provided AOT can hit their production estimates. 

[Taupo65]

Are you trying to imply that AOt has the potential for a take out at the same price as Pretium?  I don't think so - AOT does not have anywhere near the resource/reserve base that Pretuium has -  grade or contained ounces. 

[Forbesa13]

No, that would be silly but from re-reading my post I can see how it could be taken that way. All I mean is that a producing entity 'down the street' went for $3.5 billion. I'm aware of all the differences in reserves, grades, etc. between the two company's but I can certainly see a path to a $1.0 to $1.5 billion valuation for AOT based on that sale (obviously with AOT getting into

[sonofcroy]

2 bucks by Christmas!

[molly4]

Based on FS numbers only, If ascot produces half of Pretiums production for half the AISC their bottom line for profitablilty will be comparable.  I think FORBES analysis of $2bilion is not outlandish.  The question is will we get to production.  I think so as take outs during construction phases are not common.  Time will tell.  Its all about the bottom line. 

[capit]

Just running some quick numbers on the pretium deal ... They were on track to do 336k oz at an aisc of 1053 ... $588m revenue - $353m cost = $335 profit ... $3.5 B valuation = ~ 10X earnings give or take a few dollars ()used $1750 gold) If we do 175k oz  @ $1750 with an aisc of $800 = $160m profit X 10 = $1.6B valuation = $4/sh 200k oz @ $1750 = $2.1B = $5.25/share 200k oz @ $2000 = $2.6b