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Gabriel Resources Ltd V.GBU

Alternate Symbol(s):  GBRRF

Gabriel Resources Ltd. is a Canadian resource company. The Company's principal business consisted of exploration and development of the Rosia Montana gold and silver project in Romania. The Rosia Montana Project, one of the largest undeveloped gold deposits in Europe, is situated in the South Apuseni Mountains of Transylvania, Romania, an historic and prolific mining district. The Bucium exploration concession is located approximately five kilometers to the southeast of Rosia Montana in Western Transylvania and bordering the Rosia Montana exploitation permit. The exploitation license for the Rosia Montana Project is held by Rosia Montana Gold Corporation S.A., a Romanian company in which the Company owns an 80.69% equity interest, with the 19.31% balance held by Minvest Rosia Montana S.A., a Romanian state-owned mining company. Its subsidiaries include Gabriel Resources (Barbados) Ltd., Gabriel Resources (Netherlands) B.V., Gabriel Resources (Jersey) Ltd. and RM Gold (Services) Ltd.


TSXV:GBU - Post by User

Comment by urai58on Mar 01, 2024 6:21am
171 Views
Post# 35908451

RE:RE:RE:RE:Optimistic outlook

RE:RE:RE:RE:Optimistic outlook
There are several ways to value a gold project. The "AISC method" is definitely insufficient - it gives a clue.

On the one hand, the legal representatives argued with the NAV method (Net Asset Value). Because there are many costs, for example G&A, which were not reflected in the AISC costs.
 
However, the $100 per ounce reserves is a good approach. It roughly corresponds to the price paid for a takeover. At >10 moz AuEq (Au and AG) this corresponds to 1 billion USD. In addition, there are investments made of around USD 760 million. And now the interest (and especially) the compound interest since 2011. That's an amount of over 3 billion USD. The NAV valuation was also over $3 billion. I assume compensation of at least $3 billion.
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