ComparablesAll in my humble opinion:
As always, due your own due diligence.
(Happy Mother's Day to all the Mums out there too.)
As part of my own due diligence, I have been searching for recent comparables in the event of a hypothetical bankruptcy. (A silver mine comes to mind). Examing a possible/potential hypothetical worst case scenario. As the old saying goes, prepare for the worst, and if the worst doesn't happy, you're better off.
If anyone has any suitable recent examples, I would be interested in reading.
One recent example I have found, is Harte Gold.
https://www.miningweekly.com/article/silver-lake-completess-harte-gold-buy-2022-02-21
https://www.mining.com/silver-lake-resources-grabs-troubled-harte-gold/
Of course, once again, a few reminders for reference:
References more than 130 million invested in the NICO project
https://www.fortuneminerals.com/assets/nico/nico-resources-reserves/default.aspx
References 3.9 million gold equivalent ounces with base case for NICO. Is Sue Diane included ?
Are the current drilling results included in that number ? (i.e. hypothetically, the number should increase with any future drilling ?).
https://www.fortuneminerals.com/news/press-releases/press-release-details/2012/Fortune-Minerals-announces-updated-mineral-reserves-and-positive-FEED-study-results-confirming-NICO-economics1130060/default.aspx
References how to value a junior minor's gold in ground per their opinion:
https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/
References gold equivalent ounces:
https://www.fool.com/investing/2018/05/21/what-is-a-gold-equivalent-ounce-geo.aspx
Good luck to all longs,
We wait, and then we seem to wait some more.