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"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada... see more

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Spur Ventures Inc > Conservative Valuation

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Post by Rick2012 on Aug 30, 2017 8:11am

Conservative Valuation

Within Q4 they will have total M&I of at least 1.5 million ounces of gold.
divide that by 8.5 years mine life we get about 175,000 avg per yr.
$1250 gold price less $550 AISC is US $700 profit per oz. Convert to Canadian is $875/oz.
175,000 ounces per yr times $810 is over $150 million cash flow per yr.
Apply a conservative 6x P/CF for being in a safe, mining-friendly jurisdiction with top notch management who have done this before and a land package with lots of exploration upside and we get $900 million market cap. On AGB fully diluted shares of 234 million that's $3.85 Cdn per share.

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