GREY:NEVDQ - Post by User
Comment by
nofluffon Jan 17, 2023 6:59am
236 Views
Post# 35227182
RE:RE:0.40 cad cents
RE:RE:0.40 cad cents50 cents was not the rum9r d. That was my guess. Could still correct. The rumour was that ug is ahead of sched.
I kind of hope sp stays soft for a while as I might have some spare cash in a bit and be able to buy some more. You can evaluate fundamentals and then guess at sp. I do use charts a bit but mostly fundamentals. Everything is relative to something else. So comparisons r a big part of my picture on evaluating.
For instance, across the mountains in az, florence copper just sold for 50 cents insitiu value subject to final permit and mine build. So that is 100 million for 10%.
It is a finite deposit. Nothing more on the property. They will have about 200 million debt charged against them when mine complere. So at minimum, they should b valued at 1 billion mc in two years when mine is built.
Ncu ph ug has about the same debt and a mine 9 tenths completed with mc of about 300 million. So current target should b by comparison at least a cad 1.00 minimum once through 3rd dyke pass and hoisting high grade long stope ore.
However, with the open pit fully permitted high grade and all the other deposits sp should b way north of 1 dollar on feasability completion.
How far is the big q. I will say 5.00 guess by year end. But maybe way more.
I would like to get my hands on another 50 thousand. A full bag in a month is a quite a bit. So there is a chance for a bit of a hold up.
Bwcg compared to mountain boy has the same meterics. Bwcg way under valued as well.
Happy guessing:))
nf