RE: Valuation Bridgeport thank you for this great analyses! very much apprechiated!
Just in terms of Royalty cash flow 2013/2014e
their presentation is far too conservative. thunder creek and Gualcamayo and emigrant spings alone will most likely increase their production more than 25% in 2013.
So the very minimum 2013 fy atrributable ouces is 6000. At current goldprice that is:
1710US$ oz times 6000 oz attr. prod = 10,25million in Royalty cash flow.
giving it a cashflow mulitple of only! 9,7