Peer Based PEA Valuation of New Gold DiscoveriesIts obvious the value per ounce of PEA is closely related to grade, with New Polaris have the highest grades among these 4 and also the lowest AISC in the world as of its 2020 PEA.
Its also obvious that CCM is grossly undervalued by a factor of 10 or more, as the current drilling program is going to result in a substantial upgrade of the resources for New polaris..
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| | | PEA | | |
| | | | | |
| Stock | New Polaris ( BC ) | Granite Creek | Val D Ore | Ascot Resources |
| | | | | Cascade Creek BC |
| Market cap | $33 m | $610 m | $250 m | $405 m |
| | | | | |
| POG | $1500.00 | $1650.00 | $1500.00 | $1500.00 |
| Mine Life | 9 | 9 | 12. 5 | 8 |
| Grade | 10.3 | 1.46 | 1.88 | 8.1 |
| Capex | $140 m | $90 m | $353.00 | $176 m |
| Annual Production | 80,000 | 139,000 | 205,000 | 149,000 |
| AISC / ounce | $530.00 | $963.00 | $965.00 | $769.00 |
| NPV5 | $469 m | $245m | $598m | $420.00 |
| Total Mine Production | 696,000 | 1,250,000 | 2,580,000 | 1,192,000 |
| Value per ounce | $675.00 | $195.00 | $230.00 | $350.00 |
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