MARCH 2025 - 5 PEA's due (The math could look like this):
14.5Moz Au x (2500/oz - 1500 est. mining cost/oz averaged) = $1,000 net/oz = 1.45B NAV
180Moz Ag x (30/oz - 10.00 est. additional cost/oz averaged) = $20.00 net/oz = 3.6B NAV
Base Metal Deposits = 0 valued at this time
Au 1.45B + Ag 3.6B = 5.05B NAV
Drilling results compiled to date but not included in Indicated / measured est. (+ 20%??)
5.05B x 120% = 6.06B NAV
6.06 Billion Liabilities:
Present debt ~200M
Autoclave refurbish ~ 300M
5 Mine build out ~ 500M (70M + 70M + 120M + 120M + 120M)
Total Liabilities:
~ 1.0Billion NAV =
5.0 Billion Lets assume another 100+ or so Million shares offered up along the way.
~ 500M shares outstanding
IAU = $10.00/share in 2030 with production at 400,000 oz/year
Wildcard 1: base metal deposits
Wildcard 2: additional tonnage upon step out of all open deposits
If I'm 50% wrong on everything, I'm ok with that.
I'm just going to hold my shares for now and see how this all plays out. Will wait 5 or more years for 3.5M (5.00/sh) or potentially 7.0M (10.00/share)
This is not wishful thinking. The pieces are coming together to connect all the dots of the plan they have laid out. They could also be much further along of acquiring the needed financing than they have indicated to the market. I suspect Mr Young already had a plan of this before he accepted the position and joined the I-80 team.
In March, or, whenever PEA's are revealed to the market, I really do believe the market will react with a knee jerk, but this time the reaction will be upwards.
yes metal, we will wait and see!
PonyBoy Outsider