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ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Post by mesa1on Mar 11, 2019 4:36pm
121 Views
Post# 29469996

Haywood issues update, reiterates $5.25 target ...

Haywood issues update, reiterates $5.25 target ..."... TGOD agreement for a min of 30,000 kg 1st yr and 50,000 kg in 2nd yr increases capacity utilization ... de-risks forcast ... supports Valens' proprietary extraction process ... we continue to believe that our forcast could prove conservative, especially given recent agreements and associated volumes announced over past month ..."

Valuation

"Our target price of $5.25 uses a 9x EV/EBITDA multiple on our F2020 EBITDA estimate, then discounted by 15%."
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