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GT Resources Inc V.GT

Alternate Symbol(s):  CGTRF

GT Resources Inc., formerly Palladium One Mining Inc., is a Canada-based mineral exploration and development company. The Company is focused on discovering critical green transportation metals. It targets district scale, nickel-copper sulfide and platinum-group-element (PGE) deposits in Canada and Finland. The Company’s Canada projects include Tyko, Ontario; Disreali, Ontario; Canalask, Yukon; Hemlo East, Ontario; Big Lake, Ontario; North Rock, Ontario; and Black Bear, Ontario. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources. The project is located in north-central Finland, approximately 40 kilometers (km) north of the Company’s exploration office in the town of Taivalkoski. The property is 160 km (by road) east-southeast of Rovaniemi and 190 km northeast of the port city of Oulu. The Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively.


TSXV:GT - Post by User

Post by Speedyg5344on Jan 27, 2021 9:47pm
196 Views
Post# 32406226

Noble Capital Markets Jan 25,2021

Noble Capital Markets Jan 25,2021
Valuation Summary

Our price target is US$0.60 per share, or C$0.80. We value the company on an enterprise value/resources basis. Assuming the company is able to grow its indicated and inferred resources by 2.5x to 2,903,500 ounces based on the current drilling program that is fully funded, we estimate an enterprise value of C$159.7 million based on C$55 per ounce. Ascribing a value of C$2.5 million to projects outside of the LK Project, no debt, and forward estimated cash of ~C$2.1 million of cash, we estimate an equity value of C$164.3 million, or ~C$0.80 per share, or ~US$0.60 based on 202.3 million fully diluted shares outstanding, of which the issuance of options and warrants fund the drilling program without having to issue debt.


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