Doubleview Gold Corp V.DBG

Great Question... Why $0.09 CAN/CUEQ lb?

[seveneleven711]

At this point we can only use the " market/comparable transaction method" and take into consideration that DBG is about to put out a maiden resource with Sc @ CUEQ before working towards a PFS/FS. That is why I use .2, .3, .4, etc. To answer your question specifically on $0.09 CAN/lb, which is a great question, let me give you one comparable example of many, but keep in mind each example has its own uniqueness and differences. I believe $0.09 CAN is a fair and conservative value at the feasibilty stage of a company being bought out.

In 2021 Lundin Mining bought Josemaria Resources for $625M CAN. "Once in production, Josemaria is expected to produce on average over 130,000 tonnes of copper, nearly 225,000 oz of gold and 1.0 million oz of silver annually over a 19-year mine life" That is ~ equal to 7B lbs CUEQ. Which means $625M CAN/ 7B lbs CUEQ = $0.089 ~ $0.09

https://lundinmining.com/news/lundin-mining-to-acquire-josemaria-resources-mean-123057/

[deepoil0808]

Thank-you for your prompt response.   I understand your calculation and it now makes sense.  You have also support for this analysis.   Bravo.  I also want to thank-you for your other very informative posts, I read most of them and it really helped me do my due diligence + I learned a few things from you. I know that sometimes you must feel like you are writing in

[seveneleven711]

Thankyou for the kind words. We should all continue to do our due diligence, ask ourselves and management the tough questions, understand the risk/reward and remember that "the proof is in the pudding"