RE:RE:RE:RE:Modified Valuation Spreadsheet (Based on Nikg92 @ ceo.ca)Illustrating the High- vs Lo-Density Economics (Low Density from 2Q18ER)
(Also Includes Updated sheet from Nikg92 - All models > C$1.50 floor)
PDF: https://cdn.discordapp.com/attachments/492704203307876392/497635162562101279/rnx.pdf
LibreOffice/ODS: https://cdn.discordapp.com/attachments/492704203307876392/497635196557066240/rnx.ods
Converted to MS: https://cdn.discordapp.com/attachments/492704203307876392/497635217343905803/rnx.xlsx (dunno if displays correctly)
Even the low grade gives around C$41M annaul gross profits on 68koz while grade is constantly increasing. Considering the low grade longer mine lifetime and no debt, this should be at:
- P/E 10 C$410M or C$0.84/sh
- P/E 20 C$820M or C$1.68/sh
You shall also add Dumont C$0.50/sh to that number.
Isn't curren SP quite ridiculous here?
The high grade finding removed all financials concerns and stock should recover to C$2
and higher in case more high grade value gets found as projected.
