Simle Valuation If VIT just sold 100% of the gold forward (or hedged 200,000 ounces/yr in production, over a 10 year period) at $1,200/ounce (VERY conservative) and used a discount rate of 10% (this is very severe) & cost to produce of $600/ounce, you get an NPV of around $750 million. Subtract out $400 million in expenses on day one (which, again, is extremely conservative) and we you're looking at a current market value of $350 million, or $1/share.
This assumes no expansion, along with extremely conservative figures.
We're trading at an 80% discount to real value. What am i missing here???