Spur Ventures Inc SPVEF

Comparing Wesdom to Atlantic

[idlefreebird]

Steven brings up this comment and to my homework it's no comparison...

Wesdom is a 665 M market cap with roughly 135 M shares at a cost of $4.90 a share and producing 70,000 anual ounces at a FCF of 30M due to AISC of $982 U.S.. an ounce...

Atlantic has a $521 M market cap with roughly 236M shares at a $2.20 a share and producing 90,000 ounces anualy at FCF of 80M with AISC of $528 U.S. an ounce...

When you divide a 665 M market cap into Atlantic's 236 M shares you get $2.64 , and that's not even taking into consideration that Atlantic is higher producer and definetly blows away the AISC and FCF...the market is starting to realize what management has done today and respect there past work... gltal p.s. looking forward to new resource and new share price increase....

[SeekingAu]

Maybe we have to take a look on the size of the resource/LOM?

[idlefreebird]

Seeking , I agree but would only be fair after our new resource...Wesdom would have to double ours to be equivalant ...but looks like Atlantic is undervalued at present...gltal

[SeekingAu]

Yes, AGB is undervalued against WDO. Very intersting to hear and see: https://event.webcasts.com/viewer/event.jsp?ei=1234173&tp_key=2adcceef10

[Robfrod]

Im a big fan of AGB but I think some people are apprehensive that when Tuoquoy reserves are exhausted, the costs will go up.  Beaver Dam ore will need to be trucked to Tuoquoy.  FMS and CH will require satellite mills to be built using flotation, rather than leaching so recoveries probably wont be quite as high (and they need to truck the cons to Tuoquoy for leaching). Don't get me

[idlefreebird]

Robfrod,these aren't realy big issues...let's start with Lakeshore gold that trucked 3-4 gpt 52 klm to mill in Timmins and now Goldcorp will be trucking ore from Borden Lake 2 hrs away at 5gpt and that;s one way... Beaver Dam is 37 klm away... 3,700 tpd would require 93 trucks daily at 40 tons per truck.. now divide that by 24 and your looking at 3.85 truck's per hour and keep in mind

[Akkopower1]

1.1bill cash flow, paid out over 9 years from 2022 to 2030, Quite a few risks going from now to generating 1.1bill in FCF per year.   How much would you pay today for an income stream with those risks and timeframes?

[SeekingAu]

When you take a discount rate of 10% and 9 years lifetime for an ending capital of 1.1 bln you pay about 466m today. When you take a discount rate of 5% and 9 years lifetime for an ending capital of 1.1 bln you pay about 709m today.

[Akkopower1]

Income doesnt start today, still 2-3 years away.   We are still in pre feasibility stage too right?, 13% discount rate, 90mill paid out yearly from 2022-2030 (890mill total, 1.1bill uses a very high POG), I get $320 mill.      

[idlefreebird]

Akko , yes your right income doesn't start for several years...but we just got through our first year with an indicator how the future will be....now if not bought out you can see that this management plans on growing this company as per investement in Velocity....making our money grow...now let's just keep in mind once all said and done any 100,000 ounce discovery or addition  at

[nilyab]

Akkopower1. You said: "How much would you pay today for an income stream with those risks and timeframes?" Should we not see if we can find the math for this in some report from one of the various financial analysts who follow this company if there is some analyst who to this time has attempted to cover these new variables?