TSXV:CSG.H - Post by User
Post by
anon3on Jan 31, 2010 8:54pm
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Post# 16737941
CSG true $ = AR today $
CSG true $ = AR today $Using the figures from "What’s a Company's Gold Worth?" CSG would have a NPV of $179.4m = AR market cap = $172.8m
Did we get robbed? What about all the infrastructure value and the updated resource calculations
https://www.caseyresearch.com/editorial/3190?ppref=DLC171ED0110B
https://cxa.marketwatch.com/tsx/en/market/quote.aspx?symbol=AR&x=10&y=10
Table 1: Mineral Reserve and Mineral Resource Statement
Castle Gold Corporation
Property Totals at December 31, 2006
| Classification |
Location |
Castle Gold Interest |
Tonnes |
Grade (g/t) |
Ounces |
Equity Ounces |
| Mineral Reserves |
|
|
|
|
|
|
| Castillo - Proven and Probable(1) |
Mexico |
100% |
46,800,000 |
0.50 |
752,000 |
752,000 |
| Total Proven and Probable Reserves |
|
|
46,800,000 |
|
752,000 |
752,000 x 160 = $120.3m
|
| Measured and Indicated Mineral Resources |
|
|
|
|
|
|
| Fortuna - Measured and Indicated |
Mexico |
100% |
4,800,000 |
1.98 |
308,000 |
308,000 |
| Castillo - Measured and Indicated |
Mexico |
100% |
94,300,000 |
0.39 |
1,180,000 |
1,180,000 |
| Total Measured and Indicated Resources |
|
|
94,300,000 |
|
1,488,000 |
1,488,000 x 30 = $44.6m
|
| Inferred Mineral Resources |
|
|
|
|
|
|
| Castillo - Inferred |
Mexico |
100% |
27,889,,000 |
0.70 |
636,000 |
636,000 |
| El Sastre Main Zone – Inferred |
Guatemala |
50% |
1,440,000 |
2.20 |
102,000 |
51,000 |
| El Arenal Zone – Inferred |
Guatemala |
50% |
1,830,000 |
1.30 |
76,000 |
38,000 |
| Total Inferred Resources |
|
|
31,655,000 |
|
814,000 |
725,000 x 20 = $14.5m
|