RE:Pre-producton gold mining starts at Lindero
we're going to get bought out.
right now FVI is trading at $2581 for an annual production oz. (of gold and gold equivalent). as a comparison BTO the other PM stock I own is trading for about $4500 for an annual production oz. (gold)
the arrithmetic - FVI 160.3 million shares outstanding X share price $4.60 = $737.3 million plus debt of 12% = $826 million . we can now divide that by annual production of 320,000 oz. of gold and gold eq. and that's $2581 per oz.
BTO 1000 million shares outstanding times share price $4.30 = $4,300 million plus debt of $350 million minus cash $175 million = $4475 million divided by annual production of 1 million oz. = $4475 per annual production oz.
FVI 50% discount