Mosaic, Fokus - Value a Junior Miner’s Gold in the Ground Fokus owns, with 10M shares,16% of Mosaic Minerals which is an interesting play on its own. At today's closing that's a value of 1.2 M$. If we consider the value of FKM at closing, of 9.3 M$ and consider the Mosaic shares, that's 13% of Fokus. Is this really being appreciated? Simply put, only 8.1 M$ of the current cap. is for Fokus' gold in the ground. That's 6 M$ USD. Using only as book value the estimated gold from the 2012 estimate, that's 700 M$ USD in the ground, before any mining consideration costs. Using P&P (Proven & Probable) estimates, can we agree that 380,000 ounces X $ 160 (P&P value according to Munk/Casey Research) / 143,000,000 (fully diluted) = $ 0.425 USD? ($ 0.58 CAD)
https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/