Confidence & patienceWhile those 2 get challenged every day and for my own sanity, i wanted to re-visit some numbers in light of the last 2021 results and the most recent KK interviews.
We know we have 20M oz Au Eq M&I (Initial Resource Estimate - March 2021)
2021 infill drilling most likely added many millions oz Au Eq more to the M&I category
We know KK is expecting, once everything is said and done, between 50 to 70M oz Au on Treaty Creek
It's irrealist to think that all that gold will be mine.
Let's use an extremely conservative scenario for a take over bid:
Mineable resource: 20Moz Au Eq
Insitu price: 85 USD
TUO ownership: 20%
TUO O/S: 60M
20,000,000 Oz Eq x 85$/oz x 20% TUO ownership / 60M shares (fully diluted) = 5.67 USD/sh or 7.20 CAD/sh (@ 1.27 fx rate).
So at 1.94 CAD/sh, the least we can say is that we are very undervalued!! and I haven't even mentioned the 0.98% royalty...
That being said and to be fair, we know a TO offer will not come tomorrow but if it would, TUD BOD would reject it as it would most likely not fully recognize the full potential of the project.
Let's continue to be patient. A fair repricing is inevitable.
Feel free to complement.
Cheers