Over $1 Billion in Net Asset ValueNPV5 after tax value of HD mine gold production of 600,000 ounces = $700 million
Replacement value of 2000 tpd gold mills @ $100,000 per ton = $200 million
Replacement value of Point Rousse infrastructure including deep water port, two long term tailings facilitues, large storage facilities, real estate .......$100 million
Substantial Mineral assets outside HD mine including large World class talc resource with gold by credits......$100 million
Total NAV = $1.1 Billion cad.
Current market cap of $49 million
(V Lake 7000 tpd gold mill will cost over $700 million
Firefky estimates $400 million for 4000 tpd new copper mill)
Typically gold producers trade at about 0.75 times NAV
Fair value = $1.1 billion X 0.75 = $800 million cad
Its time for Garrett to divert some time from his excellent resource development activities to the ancillary but equally important task of aligning shareholder value with asset value.
If so, his very patient shareholders will have a very happy Xmas
AIMHO
GLTA