CANDENTE’s GOLD VALUED AT $0.90 CENTS SHARE; TARGET $2.50CANDENTE COPPER’S GOLD VALUED AT $0.90 CENTS SHARE; DNT TARGET $2.50/SHARE
Orca Gold was taken over today (Feb28/22) by Perseus Mining for about $0.90/share or $233,000,000.
Let’s compare the Gold resources of Candente and Orca.
ORCA GOLD
Gold Oz: 2,900,000
Gold Value: $4,930,000,000 ($1700/oz)
Equity & Cash Offer: $0.90/share
Shares Outstanding: 260,000,000
Equity Value: $233,000,000
CANDENTE COPPER (Gold at Norte and Sur Only)
Gold Oz at Norte: 2,000,000
Gold Oz at Sur: 1,000,000 (only 50% drilled)
Gold Oz at Verde: (unknown but could be more than 1,000,000 oz)
Total Gold Oz: 3,000,000 (conservative estimate)
Gold Value: $5,100,000,000 ($1700/oz)
Shares Outstanding: 280,000,000
Implied Equity Value of GOLD at $0.90/share: $250,000,000
Summary:
GOLD in the ground at Norte and Sur is worth at least $0.90/share
Candente’s current share price is $0.21 which is highly undervalued compared to their gold resources only.
Add their Copper (12 Billion Pounds), Silver (80 Million Oz) and Molybdenum (15 Million Pounds) their implied value exceeds $65 BILLION.
Candente’s resources will continue to rise
.
Copper demand severely outpaces supply.
Many companies require copper to achieve their future goals. They realize they need to acquire proven copper assets to ensure their future goals are met.
Fair Value of Candente Copper is between: $450 Million to $900 Million
Value Per Share: $1.60 to $3.25
Value per Pound: 3.75 cents to 7.5 cents
Fair Takeover Price: $2.50/share
Upside: 12x current share price
-Newly released PEA shows lower CapEx and enhanced ESG which means Canariaco can be developed now at a lower cost.
-Candente has 2 viable options for the developer of the project to consider.
-Canariaco Sur only has 15 wide spaced holes completed and is still open for an even greater discovery.
-Quebrada Verde porphyry target 1.5km southwest of Canariaco Sur.
-Major Investor: Fortescue Metals Group holds 19.9% of Candente and owns claims surrounding the Canariaco project.
-Many Large Miners have recently scooped up claims surrounding Candente Copper’s properties because of the Canariaco discovery.
-NDA’s have been signed with various entities.
-RFC Ambrian: Canariaco Norte in top 10 of 23 Projects with potential to involve third party M&A
-Haywood: Canariaco Norte one of 18 assets selected as likely to be considered by Majors looking to Acquire
-Deutsche Bank: Canariaco Norte identified as one of 3 projects required to meet the upcoming copper supply-demand gap
-Goldman Sachs: Canariaco Norte identified as one of the top 84 copper projects worldwide
-Canariaco Norte has the 10th largest late-stage copper resource in the world
-Canariaco Norte contains the 5th highest copper grade late-stage copper resource in the world