RE:Scarsdale Equities Thanks for finding this Bulldog. Here's the
link It says estimated infrastucture cost is $7.6 million, which I was curious about. (It decreases the amount needed for financing.) I was told that Ansteel is still in the running for financing although Lion One is still looking at other options)
I agree with you in that they don't delay news or try to influence newsletter writers, but still believe there's a strong possibility that what's happened or not happened in the last year may have share price strategy involved. Minimizing dilution is good for all investors. It's all on the up and up, of course.
Its surprising that more people aren't buying this ticket...new high grade gold mine openings don't happen all the time. (although the junior gold market has been pretty flat...
for now).
When they announce a financing package and timeline to production the share price will change a lot, IMO. In any event, in the long run you can't argue with the excellent numbers involved when gold is being extracted from Tuvatu, and investors will see that.
You gotta like what Scarsdale says about the possible share price.
Good for starters. "We believe that Tuvatu could be reasonably valued, upon financing, at a premium of at least 1.5 times the PEA’s aftertax NPV5% of US$86.5 million, to be US$130.0 million, or C$172.7 million. Valuing the Tuvatu Gold Project at C$172.7 with 101.7 million shares outstanding (compared to our earlier forecast of 128.0 million shares), this might suggest a target price of about C$1.70 per share once financing is secured and construction commences. While the actual course of financing is not fully settled, we believe our methodology is reasonable, and the prospects for Lion One completing financing at the current level of development under present market conditions to be good."