RE:RE:Florida CanyonTim2Agami wrote:
The payment was only "95 million" on a good day for the shares of ITR (and it's not one of those days as it fades back to its normal multi year trend line from its price, which has been pumped since March), but really it's 0.467 of a common share of Integra for each share of FCGI, and thus a variable "implied" price.
The Exchange Ratio implies consideration of C.69 per FCGI Share based on the closing market price of the Integra Shares on the TSX Venture Exchange on July 26, 2024 (i.e $1.49 then; currently, 29 July 2024, $1.23, down 14% and continuing to fall) or total consideration of approximately C$95 million. (a no longer viable "implication")
AISC of Florida Canada is projected in its "guidance" at $2,350 – $2,450
Given that this average is greater than the price of gold at $2380, there is not much "cash flow" to be had from that.
The base gold selling price is $2,200/oz for 2024, $2,150/oz for 2025/2026 and then $1,900/oz for an NPV of $128M. For AISC, I can't find the prices taken into consideration.