RE:EAS.v - valuation based on gold production Sorry can't get the excel to paste nicely here. if interested pls inbox me and I'll share the file for easier read.
Assumptions
# shares OS 104,000,000
Cash cost per oz 700 US
Exchange rate 1.35 US to Cdn
Gold market price 1700 US
30% government/partner 30%
Scenarios
Oz per month 1,000 2,000 3,000 4,000
Rev per month $1,700,000 $3,400,000 $5,100,000 $6,800,000
Cost per month $700,000 $1,400,000 $2,100,000 $2,800,000
Gross profit $1,000,000 $2,000,000 $3,000,000 $4,000,000
% to government/partner $300,000 $600,000 $900,000 $1,200,000
Gross profit CDN $945,000 $1,890,000 $2,835,000 $3,780,000
Annual gross profit $11,340,000 $22,680,000 $34,020,000 $45,360,000
Gross profit per share 0.11 0.22 0.33 0.44
Multiples
1 $0.11 $0.22 $0.33 $0.44
2 $0.22 $0.44 $0.65 $0.87
3 $0.33 $0.65 $0.98 $1.31
4 $0.44 $0.87 $1.31 $1.74
5 $0.55 $1.09 $1.64 $2.18
6 $0.65 $1.31 $1.96 $2.62
7 $0.76 $1.53 $2.29 $3.05
8 $0.87 $1.74 $2.62 $3.49
9 $0.98 $1.96 $2.94 $3.93
10 $1.09 $2.18 $3.27 $4.36