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Mammoth Resources Corp V.MTH

Alternate Symbol(s):  MMMRF

Mammoth Resources Corp. is a Canada-based precious metal mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production) in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The Tenoriba property is comprised of four concessions: Mapy, Mapy 2, Mapy 3 and Fernanda. It is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.


TSXV:MTH - Post by User

Mammoth Resources Corp > Potential 2-3 Million Oz Deposit here at Tenoriba or bigger?
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Comment by 11111111on Nov 17, 2020 12:19pm
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Post# 31914816

RE:Potential 2-3 Million Oz Deposit here at Tenoriba or bigger?

RE:Potential 2-3 Million Oz Deposit here at Tenoriba or bigger?

Valuation and Rating

We continue to base our valuation on our internal speculative estimate of 2.2 Moz. For conservatism, we are using one-third of our estimate, or 730 Koz for valuation purposes. The average Enterprise Value to resource ratio of gold juniors is currently $61 per oz (see table below). Applying this multiple to 730 Koz, we arrived at a fair value estimate of $0.27 per share on MTH. As the company has to raise capital, our models had previously accounted for share dilution based on a $10M financing at $0.05 per share. As shares are currently trading at $0.08, we are assuming that a financing will be completed at current prices, implying lower share dilution. As a result, our fair value estimate on MTH increased from $0.18 to $0.27 per share. A summary of our valuation is shown below.


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