The data is the data, the math is the math. https://twitter.com/drjimjonesceo/status/1452664389077803010?s=21 As-is Today $40 Billion going to +60 Billion in high grade metal
Add it all up what’s it all worth:
Company Wide Historical Resources
AS-IS before drilling, expansion, exploration, upgrading
7 deposits at/near surface, within 2 project areas, ramp access, high-grade tons, Azn permits to go into production, community support, letters of support from Mayors:
1. IBW (La Infanta, Romanera, El Cura) = $7 Billion USD
2. Aznalcollar Package (Los Frailes, Aznalcollar Mine, Caridad, Un-Named Lens,
median average value) = $32.0 Billion USD
Total Company Wide As-is High Grade Resources: $39-40 Billion USD at current spot.
Total High-Grade Tons: 102.5 Million tons Average Value Per Ton: $375-385 USD
In Gold Equiv. +20 Million Ozs @ 6.14g/t gold
In Silver Equiv. +1.5 Billion Ozs @ 457g/t silver
In Copper Equiv. +8.53 Billion Pounds @ 3.78% copper In Zinc Equiv. +27.41 Billion Pounds @ 12.15% zinc
Upon expansion of all 7 deposits
IBW = from $7 grows to $28 usd Billion in high-grade
Aznalcollar = from $32 grows to $48 usd Billion in high-grade
Total resources = $76 Billion USD / $94 Billion Can
Multiple @ 7.5% Insitu high-grade
= $5.7 Billion USD/ $7.05 Billion Can
Implied share price: $21.93 USD / $27.11 Can
Assuming the issuing of 30 million shares for total 260m o/s
Multiple @ 10% Insitu high-grade
= $7.6 Billion USD / $9.4 Billion Can
Implied share price $29.23 USD / $36.14 Can
Assuming the issuing of 30 million shares for total 260m o/s