RE:RE:RE:RE:GSHR up after sharing test work results from Moss Gold Proj.Furthermore, here is some napkin math.
Context:
As of market close on the posting date of that video ( april 5th), the price was 0.175$cad.
And as per CEO Brett Richards, the valuation per ounce was at about 6$ cad/oz. ( As per the video at 7:50, market cap of 28.5 million $ divided by 4,170,000 oz equals 6.83$/oz.)
Now here is where it gets interesting...
As of market close friday may 5th AND BEFORE UPDATED MRE, market kep market cap of about 60,000,000$ with about 190,000,000 shares outstanding.
Inferred oz is still 4,170,000 oz. So 60,000,000 divided by 4,170,000 oz equals a valuation/oz of about 14.38$/oz.
If we keep the same v/oz once MRE is released (with a guidance of 6 million oz.
So 6,000,000 oz multiplied by 14.38$/oz would give a valuation of market cap of 86,280,000$ approx.
Divided that by 190,000,000 shares would give us 0.45$ a share at the very least.
BUT WAIT THERE'S MORE!
Notice the valuation per oz went from 6.83$ to 14.38$ over a period of a month.
(Even at 14.38$/oz it is way below our peers.)
If we add the same amount of increase of the v/oz over the same period of a month.
14.38 minus 6.83 equals 7.55
So if the v/oz increase by 7.55 over the next month we would be at 21.93$/oz which at 6 million oz would give a value of 131.58 million $ divided by 190 million shares would give a stock price of about 0.69$ cad.
As per this article dating to 2021: https://seekingalpha.com/article/4398507-canadian-gold-juniors-valuations-q1-2021
V/oz on average for junior canadian gold miners was between 25$ to 36$ an oz. And gold was about 1800$usd/ounce
So with gold prices higher than 2021 and a guided 6 million ounces.. one can wonder what the upgraded v/oz could be for goldshore ...marinate on that over the weekend