PINL:VLTAF - Post by User
Comment by
ALLEN4on Oct 21, 2012 8:51am
116 Views
Post# 20507370
RE: RE: Kiaka valuation
RE: RE: Kiaka valuation Gold Diggers was talking about the value of PDG (the aquired company) not Argo (the acquirer). If you want to compare PDG to VTR, PDG has average grades of .87 grams per ton, and has not even done a PFS. With roughly the same ounces in gold the major difference is jurisdiction. But I don't really understand this Danny Deadlock's valuation of PDG (where Gold Diggers gets his $45) because he takes EV (enterprise value) and divides by the number of ounces in the ground. ??? But if the point is that a developer cannot be compared to a producer that is true to an extent, but the whole point of the PFS was to provide a detailed analysis of the economics of the Kiaka project. The PFS says we are economic at $1,275 POG. That is the NPV is over half a billion. At current POG levels we will be over billion even without accounting for the drill results subsequent to PFS.