RE:RE:Fundamental Research BUY Fair Value: C$0.40 Preliminary Economic Assessment (PEA) on the Brewery Creek gold project in Yukon returned attractive economics, with an AT-NPV5% of US$112M, and a high AT-IRR of 28%, at US$1,700/oz gold.
This company is trading at just 30% of Brewery Creek’s AT-NPV5%, which means the market is not assigning any value to the Copperstone project, which is expected to be in production later this year.
This company has potential to be a mid-sized junior gold producer as Copperstone, and Brewery Creek combined, are expected to produce over 100 Koz per year.