RE:RE:RE:RE:RE:RE:Pedra Branca Evaluation ?17Digger wrote: Yes I misstated it in my explanation
What I meant is that $1 of capital value now gets us .18 of an ounce of PGE metal - and if share numbers and share price remains constant but we double our known reserve then we get . 36 of an ounce which I think will get mined with at least a $100 C operaing margin.
I am hoping this current exploration program can prove that reserve.level or most of it.
If I can get 1/3 of an ounce with a $100 operating margin for a dollar of capital value, then I am estimating $33 operating margin dollars cash flow with each 14 of the 7 cent shares. = about $2.38 a share without time value discounting it.
Yes this is only my SWAG number- but I think it is too low for the actual future share valuation when the platinum price actually rises in future.and more ore is found.
I saw an analyst today value another PGE company in Ontario at the price of 5% of the proven ounces in its 43101 - which in Valore's case would become a company value of about 210,000 ounces of PGE.
Those are still a good start on estimating share value.
xxx
Once again I have difficulty understanding because 5% of 2.198M ( 43-101 of 2022) gives 109900 ounces and not 210000?
Could you provide ( possibly by private message if you wish) a link to this valuation by an analyst from another PGE company in Ontario at 5% of proven ounces?
RedCloud in May valued Pedra Branca's NPV at 86.93M while VO is currently capitalized at 11.18M!