EXPM:HRTFF - Post by User
Comment by
ballot123on Jul 21, 2020 5:28pm
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Post# 31298730
RE:RE:RE:Valuing " ounces in the ground "
RE:RE:RE:Valuing " ounces in the ground "Some questions about valuation...1) Do comparable sales support Sprott's $100 metric ? 2) Is the $100 number for a prospector or for an operating mine with millions in sunk costs ? 3) How sensitive is the $100 number to POG increases ?
I follow Sprott most weeks. Usually he spends 75% of his time, in my opinion, promoting his own interests. That self-promoting spirit might skew his $100 metric a bit since he is a frequent acquiror of gold resources .
Nonetheless I sure enjoy the discussion about what we've got and what we don't.
Mudcreeker , do you think Appian would over pay so dearly given your recent $.09 estimate of value ? Doesn't makes sense to me but maybe I show my bias as one who has paid more than $.09. I will continue to bet on the outcome exceeding these low, low numbers. Thanks.