RE:RE:$270 million CAD in cash at Exit 2024 ?Yes of course but valuation is based on multiple factors besides cash flows.
Robust Balance sheet, free cash generation , lack of debt, Life of the mine ( growth prospects beyond the current reserves ), dividend potential , management style , major shareholders ( Gold Fields owns 20% )
Galiano meets and exceeds all of the valuation factors so it will be valued well above peer levels most of whom are leveraged by debt....which means no chance of a dividend .
My own valuation is $7 within three years as we should have doubled our cash position by then to $2 per share , either paying a dividend or have made a significant acquisition out of our bulked up equity price and cash,