American Bonanza Gold Corp ABGFF

Valuating BZA..

[Indy]

This company has what ? 550 - 600 thousand oz.
of Gold in the ground.

Producers are getting valuated @ $500 per oz. gold in  the ground.

So we should have a market cap of about  250 - 300 million.

Shares outstanding 130M.

I see fair value of at least $2.

Thats why I loaded up on this one.

Will be patient and hold from here.

GLTA.

[whiskeyjack]

Hate to break it to ya Indy,1. we aren't a producer2. fully diluted we're at about 210 million shares3. Kinross is valued at about $270/ ounce in the ground4. That equates to about 65 cents per BZA, using your formula, once production commences.Just trying to keep it real. It will be a $2 stock at some point though.Cheers WJ

[Indy]

American Bonanza Gold Corp. (BZA.TO) | Visit | Report In Situ: 1.57M oz Gold (100.0%) Classification: 36% M+I, 64% I Average Ore Value: US$80.08 per tonne Market Cap per Oz Gold Eq.: US$30.34 Kinross Gold Corporation (K.TO) | Visit | Report In Situ: 89.94M oz Gold (89.9%) and 142.0M oz Silver (3.0%) Classification: 52% P+P, 29% M+I, 20% I Average Ore Value: US$35.66 per

[luker222]

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[agmetalhead]

You are all being way too conservative with your price targets. Forget fundamentals. Put some irrational exuberance in your tonic and gin and lets party. $3.25 by spring!  

[behindblueeyes]

I think those are old figures and include the propertys BZA just sold