CANDENTE COPPER GOLD RESOURCE VALUED AT $0.60 CENTS SHARE
CANDENTE COPPER GOLD RESOURCE VALUED AT $0.60 CENTS PER SHARE
Candente Copper Canariaco Norte vs Apollo Rebecca Lake Gold Project
Apollo - Rebecca Lake Gold Project
Current Cash Offer: $0.56/share
Indicated Gold Resource: 814,000 oz
Gold Value: $1,384,000,000
Implied Equity Value of GOLD: $166,000,000
Candente Copper - Canariaco Norte Gold Resource ONLY (excluding Sur and Verde)
Indicated Gold (Au) Resource: 858,000 oz (39,000oz/yr x 22 years)
Gold Value: $1,457,000,000
Approximate Shares Outstanding: 278,000,000 (fully diluted)
Implied Equity Value of GOLD Resource at $0.56/share: $156,000,000
Estimated GOLD Cash Offer based on current Shares Outstanding: $0.60/share
Implied Equity Value of GOLD Resource at $0.60/share: $166,000,000
Quick Summary
Candente’s value for their GOLD in the ground on Canariaco Norte is $0.60/share.
Add their 20,000,000 oz of Ag x $22/oz = $440,000,000
Plus their 2,590,000 tonnes of Cu x $9,000/tonne = $23,310,000,000
Total Canariaco Norte Resource Value: $25,200,000,000
*Plus add Canariaco Sur deposit
**Plus add Quebrada Verde potential for a deposit
This all equals one MASSIVE company.
Current Share Price: $0.16/share
Target per Share: $2.10/share
Implied Value: $600,000,000
Upside: $1.94/share (13 x current share price)