NAV - $1.60 per share
Hey - I don't make this stuff up - it comes straight from the mouth of the CFO:
https://www.avantimining.com/i/pdf/Avanti_Mining_Resource_Intelligence.pdf
Here's the quote:
Yes. At an average price of molybdenum over the life of the mine of about $15.76, our net present value, discounted at 8% and after tax, is US$550 million.
The discounted net present value of the project represents value of over $1.60 per issued share of Avanti.
During this feasibility that we are engaged in now, we expect to increase that by a couple of optimizations. One is an alternate tailings dam site; two is to assure the engineer that we can recover the silver and lead as byproducts; and the
third thing is to look at potentially roasting the sulfide ourselves, rather than having to pay roasters offshore.That could easily add over $100 million in value to the NPV.
What boggles my mind is that the compliance of the TSX-V did not demand to know the dollar valuations associated with
the deal - more specifically, what (%) percentage of the deal will Avanti be giving up to secure this !!??!!
GLTA - EOM