GREY:GPLDF - Post by User
Comment by
ganndolphon Jul 20, 2019 4:18pm
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Post# 29943292
RE:RE:RE:RE:RE:Easy money
RE:RE:RE:RE:RE:Easy moneyOurgang1977,
For market capitalization, I used the 93 million fully diluted shares listed in Americas Silver presentation slide 4 times the closing stock price on Friday. For concentrate producers like Americas Silver the conversion of base metal values to gold equivalent ounces will vary based on what percentage of the metals values that the company receives for its product. Therefore I use quarterly revenue by last quarter's gold price of $1280 USD to calculate a gold equivalent which is 13,927 ounces for Q1. When USAS puts out its Q2 numbers then I update my valuation numbers.
The share count hasn't been updated to include Sprott's private placement yesterday.
On Great Panther gold equivalent production, they went from 13,042 oz in Q1 to 39,992 oz in Q2, so I am using the Q2 production data from this stock.
The average valuation for the 12 silver stocks that I track was $12,933 USD per GEO as of 7/12/19.