RE:Jan 21 videoSome rough napkin math and assumtions;
Kaminak Gold aquired by Gold corp closing annoounced July 16,2016
- All share deal,GC issued 21M shares at .10896 for each KGC share or $520M for 192,706 shares
- KGC acquisition share vale of C $2.62 pershare
-KGC had 3.0M gold mineral ozs indicated and 2,2M inferred
- Open pit
-GC infasture spend to mine $750M
-POG July 19,2016 $1332/oz
Assumptions:
-KG share structure 157,000
-RBC Dec. 2020 forecast 2022 pog $1785/oz up 34% from July 2016
-Sander and Lone star zones(2 resources) open pit equate to 5M ozs similar to KGC. KG indicated min 2M oz target to start a resource) plus 2 new targets in the works for 2021
-KG Infastructure cost of $20M vs $750M at GC ( mentioned in recent video)
-Assume a base start price of $2.62 +.89 pog increase+ $3.62 infastucture saving= $7.13/share +