Economic study to market value comparisonI saw some other companies with economic assessments or feasibility assessments and thought it may be worth comparing to SPA. There is definitely the possibility that other factors come into the market value. I do not own shares of the other 2 companies, and am not as familiar of their situation as I am of SPA.
Gold Mountain (GMTN.V) May 2021 PEA, NPV @1,600 gold = $395m pre tax. Current market value = $173.5m. Market value(MV) to NPV = 43.92%
Rio2 (RIO.V) October 2019 PFS, NPV @1,500 gold = $305m pre tax. Current MV = $167.7m. MV to NPV = 54.98%
SPA May 2021 PFS, NPV @ 1,600 gold = $848m pre tax. Current MV = 106.8m. MV to NPV = 12.59%
If SPA was 40% of the NPV, the share price would be $1.06
If anyone has any other economic/feasability studies to include, feel free to do so. There are likely a bunch of other factors that make this comparison stupid, and yet here we are anyway.