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Corvus Gold Inc. KOR

Corvus Gold Inc is a Canadian mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in the North Bullfrog Project and the Mother Lode Property in Nevada. Geographically, it has a presence in the United States and Canada. The North Bullfrog project represents a low-sulphidation, epithermal bulk-tonnage gold system based in volcanic and sedimentary rocks. Its Mother Lode project has many federal unpatented...


NDAQ:KOR - Post by User

Comment by ZippyBenjion Jul 31, 2018 6:23pm
103 Views
Post# 28394546

RE:valuation very loww

RE:valuation very lowwThe valuation in that report is a joke IMO! It's based on KOR having a total of 1.2Moz which is the amount inferred for just the North Bullfrog area back in the 2015 PEA. The North Bullfrog might even be bigger with later additional discovery zones. When you add the Motherload area the total oz could be 2-3Moz. So in simple terms, assuming the costing side is correct in the report, the valuation should start at say $6.40/share (double) +++ depending on drill results. They just did a placement for $2.60 to a strategic investor and the lions share of whats on the market is being bought probably by the same group. Those in the know I'm sure are expecting a lot more than $3.20/share. Time will tell and hopefully soon.
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