TSX:CCM - Post Discussion
Post by
LondonMustang on Jan 17, 2023 12:51am
Very undervalued gold development company
No doubt the rights offering has held Canagold back but once in the rear view investors will realize just how undervalued this company is. The PEA uses a $1500 gold price and the NPV after tax was $469mm Cdn with an IRR of 56%. For every $100 increase in gold price the NPV increases by $90mm Cdn so at today's gold price of $1900, NPV would approximate $800mm+. Even with an inflation adjusted Capex 50% higher, Capex would still only come in around $225mm Cdn. Factor in a new experienced management team (Sun Valley Investments) who are driven and funded to move the high grade (10.2 g/t) low cash cost ($433/oz) New Polaris project (in one of the safest mining areas - B.C.) to a feasibility study, this is likely the most undervalued gold development mining company out there. With a market cap of just $25mm and trading (Gold @ $1500) at just .05 NPV Canagold Resources (CCM) is an absolute steal at these prices of $.18 - $.19 IMHO. PowerPoint Presentation (canagoldresources.com)
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