RE:new articles IAUX seking alphaThe author states: "
Using what I believe to be a fair multiple of 1.0x P/NAV using 8% discount rates (5% for Granite Creek) given that i-80 Gold is already producing, has brownfields sites with over $1.2 billion in sunk costs (autoclave, floatation circuit, CIL plant, heap leach pads, maintenance shops, assay labs), and an estimated net asset value of ~$1.49 billion (value of assets [-] G&A and autoclave refurbishment costs), I see a fair value for the stock of US$3.70 [190% upside to fair value). This makes i-80 Gold the most undervalued name among the sub $800 million market cap names I track, and I would argue that there's room to grow its net asset value given that it's been focused primarily on infill drilling at sites other than Ruby Hill to ensure it's careful with its cash balance until a larger and more permanent financing solution is in place (potential joint-venture proceeds, lower-cost bank debt, ramping up cash flow from Granite Creek beginning in Q2-24)."