RE:What's it worth? At least double the current price metalhead666 wrote: After tax NPV at current gold price of 1 Billion Can.....current market cap 500 million Can....Do the math....MOZ is trading at one half of current Net Present Value. That is dirt cheap. When gold hits $2500 US you can double this again. $3000 gold and double it one more time. It's worth $4 Can right now, $8 at $2500 gold and $16 at $3000 gold at least.
AND...none of these figures account for 100,000 meters of drilling, new all inclusive resource update, Victory, new discoveries etc
If any of you don't want to own shares I'm 100% certain there's a major or intermediate out there who does. #1 takeover target on my list.
MOZ is only worth:
a) The price per share at which it's currently trading at at any given point in time
or
b) how much another company is willing to pay for it at any given point in time,
not what you think it's worth unless you're the one who's buying the whole company.
What I do know is that it will take a lot of time and cost a lot of money to build the mine while not earning any gold revenue throughout the entire process, and once a company commits to building a mine, they better finish it and start pouring gold before looking for a takeout by an acquirer. If you change your mind and try to sell the company before you complete the build, my bet is you won't get what you think it's worth.