Assumptions

1....Concentrate sells at a price 72.5 %  of POG

2....Inferred Sulphides of 150,000 ounces Converted to Mineable @ 85 % 

3...LOM cash flow discounted at 5 %

The $210  million US NPV5  discounted cash flow fair value  needs to be adjusted for sustaining capital.

I estimate this @  $ 2.5 m per year = $25 million LOM

Fair value is then $ 185 m US = about $225 million CAD = $0.65 per share








 

 

 

 

 

 

 

 

 

 

LOM

Average Production

Gold Price USD

Concentrate Price

AISC /Oz

Mass Pull

LOM Cash flow USD

NPV5 

Floatation  Valuation

10 years

40.000

$2000.00

$1450.00

$725.00

4.1%

$290 m

$210 m