Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which includes Bonita, Consuelo, FairPlay, Good Enough, McCarthy, Mexican, and Providence. The Providence Group of Mines is located in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Post by DrHolidayon May 10, 2021 4:18pm
100 Views
Post# 33167087

Gross EBITDA & PE multiple.

Gross EBITDA & PE multiple.Since I am not in management, then I am free to make projections in terms of my opinion or forward looking statements as a shareholder of PHD.

Personally, my estimate for the first year of production ranges from a low of 32 cents per share to a high of 42 cents per share in gross EBITDA.

I anticipate that the cost of production to be a rather low number, hence the high profit margin per ounce recovered through milling operations. The savings from having a mill on site rather than having to ship to a custom miller are substantial, and PHD would retain full control and be able to oversee the grade out yield at the end of each day.

These estimates are within the parameters of what kind of tonnage and grade I anticipate once the equipment is installed on site and fully operational.

You can project what the stock price would be if you apply a conservative multiple to the PE.

DOC
<< Previous
Bullboard Posts
Next >>