Battle North Gold Corporation T.BNAU

valuation comparison

[jacknjilll]

Battle North is expected to produce 100,000 oz of gold per year.   The company will put out its feasability study probably in September.   Considering the very conservative approach taken by George  the  expectations  should be within what has been talked about in the last  few months and may very well exceed.   The company has the advantage of having pretty much everything lined up to start producing in the next 12 months or so.   

The company is considered to be in a sweet spot for miners.   The sweet spot is when a company is transitioning from advanced exploration company to an actual producer.  

A company like Wesdome  who produces about 100,000 oz.  per year like Battle North is expected to do  is trading at $14 per share.   They both have roughly the same share float.   What Wesdome does not have is the tax pool losses that Battle has.   Wesdome also does not have the land package that Battle has.   If you start comparing the two companies you can easily argue that Battle North is more attractive in practically every category.  

Therefore,   the transitioning phase for Battle North to that of a producer,  and the adjustment in the share price to follow only suggests that Battle share price should be higher than that of Wesdome which as I said before trades at $14 per share.

Furthermore,  the rise in the gold price will only lift these share prices of all these companies even higher.   Therefore what can we expect as a fair price per share for Battle North in the future ?   At least 10X what it trades for right now as a bare minimum.

[fozzie88]

you know Jack!... pretty much a summary of detailed calculation from a NY analyst I have read ... I reiterate my guess of 2+8=10 LOM on the FS in a month... GO, GO ...G.O.

[ManicMiner001]

Welcome back Fozzie.  Malton was missiing you and was having an FWS episode "Fozzie Withdrawl Symptoms." LMAO. I don't beleive BNAU can get to the valuations of Wesdome at this point in time, assuming we have a positive Feasibility Study next month. Wesdome has better grades and has an excellent Project known as Kiena coming into production in the next 12 months. The market is

[fozzie88]

Manic, I never left ... busy with ZOOMs and tending my other ponies ...agree about valuation timing and the main element here is that George is a very cunning fox; he's always several chess moves ahead ... good leverage here with no anxiety...cheers