150,000 ounces Production adds over $1 Billion to Market cap At $3000 CAD per ounce , gross revenues would be about $450 million cad per year.
Debt free gold producers with a strong growth profile and low cash costs trade at about 5 times annual revenue .,,about $ 2.2 Billion market cap which is about $ 12 per share .
We have very high grades which means low cash costs , no debt as we toll mill our production , and a very strong growth profile with a LOM probably in excess of 25 years .
The latter really boosts the valuation as it derisks the investment as it means very modest low risk exploration and develoment costs during LOM production.
What's there not to like ..
GLTA