Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s): SPAZF

Metals & Mining Gold

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).

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Spanish Mountain Gold Ltd

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Post by dennis_gmpon Mar 21, 2010 4:44pm

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Post# 16907782

Fair Market Price Estimate

Fair Market Valuation Summary - 2010-Mar-19

Projected fair market stock price for Spanish Mountain Gold Ltd., based on the current NI 43-101 resource disclosures, is C 0.37. The actual closing stock price was C 0.41.

https://www.goldminerpulse.com/blogs/spanish-mountain-gold-valuation.php

Note: This valuation does not assign any value to the HG Property Group and its combined area of 373,000 hectares. Also, the project stock price is heavily dependent on the actual capital costs to bring the Spanish Mountain Gold deposit into production. I used a figure of $250M but will update once the PEA is available.

Any comments on this valuation?