RE:Share price going forward?goldbug27 wrote: could anyone venture a valuation per share on this?
5mm cash and royalties worth 52-56mm with gold at 1200. Gold is higher so let's call fair value $60mm. 80mm shares out, that makes nav around $0.75 a share.
Thats a fair guess as to where we open. Fnv trades at about 3x nav but they are the best in the business. Sandstorm did a deal a few weeks ago that was roughly 2x nav and 25x cash flow. Assuming we can get close to that, we should trade $1.20-$1.50 in relatively short order.
We we are looking at 6mm usd in cash flow by 2018 or so. That is just a guess. 25x multiple on that is a 150mm usd valuation. That takes us to 200 cad or about $2.50 a share.
Basically be a buyer around 0.75 and a seller around 2.50.