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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 BryceCanadaon Apr 25, 2019 1:05pm
139 Views
Post# 29670195

My thoughts...

My thoughts...
Quarter Grams Revenue Rev/Gram Gross Profit Profit/Gram
Q1 Actual 1,796,000  $       2,220,200.00  $                   1.24  $          850,525.00  $            0.47
Q2 QTD 4,976,000  $       6,170,240.00  $                   1.24  $       2,338,720.00  $            0.47
Q2 Forecast 8,142,545  $    10,096,756.36  $                   1.24  $       3,826,996.36  $            0.47
Full Capacity 60,000,000  $    74,400,000.00  $                   1.24  $    28,200,000.00  $            0.47
Full Year 240,000,000  $  297,600,000.00  $                   1.24  $  112,800,000.00  $            0.47

Based on current revenue and profit pre gram here is what i am thinking for future projections. Once we hit full capacity we should be hitting about $300m in rev and $113m in profit. Given most companies trade anywhere from 12-20 xearnings we should be valued about $1.35-$2.25B at fair value. With 93m shares outstanding this is ~ $14-$24/share. Thoughts?
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