Tincorp Metals Inc V.TIN

64M$ of Market Cap????

[krightg9bo]

How can we explain that WHG has the same MC than AZM after 3 days on the stock market and no substantiated geological results while AZM has a gold deposit already as per the PR of this morning?

[NorthBayBob]

WHG has a defined resource on their project already: 500,000 ounces gold and 7 million ounces silver. AZM does not have a resource estimate published on Elmer yet. Not commenting on valuation for either company, but AZM is an earlier stage explorer than WHG.

[krightg9bo]

Thanks Bob,  We are the first to engage in a conversation on this stock on Stockhouse.  Good luck.

[NorthBayBob]

Same to you. No position in WHG yet but it's on my watchlist. I like AZM and glad to see it bouncing back today, some of this year's drill results are a lot better than the market gave them credit for. It's difficult to make a new discovery and hit it out of the park right away.

[krightg9bo]

Bob, according to the numbers you provide me on Monday, WHG has close to 600 000 ounces of gold equivalent (incorporating silver).  At roughly 200$ and ounce of gold in the ground, the MC should be around 120 M$ which should give 2.80$ per share.  Theoretically, it is where the share price should land before the next exploration results come out if gold stays around 1800$/ounce. 

[NorthBayBob]

Yes that's a good way to value a company in ballpark terms, especially when no economic study has been released yet as is the case here. Historically I'd use a lower $ per ounce ratio, but as you point out gold is around $1800 so some explorers could trade at higher multiples than they have in the past. There are many factors to consider, but the market has already bid this up to $2.10

[krightg9bo]

On premarket at 3.00$ this morning at 8:37.  

[GouldPlay]

Good discussions on the MC based on ounces in the ground.  An inportand note to consider is that this is a mine - with exploration upside.  WHG has a re-furbished camp for 50, miles and miles of tunnels, all season access roads and associated infrastructure in good shape to get up and running.  In short, WHG could be considered a junior producer.....or will be hopefully in 2021