Post by
TuTomek on Jul 21, 2021 3:09pm
posted on Yahoo Finance
Cote gold project has an NPV of $2billion assuming gold price of $1700. This means that company’s ownership of 65% is worth $1.3billion. Company’s enterprise value now is of $0.87billion. So, everything that is currently generating operating cashflow or $440mm per year is for free !!! That’s right…..al the mines that are working now are for free!! Now you understand why I own nearly 200k shares, and why I feel that insanity will end as market realizes there is literally free money embedded in this stock! People are scared of quarterly earnings report and throwing this away…….in 2023 when average person realizes that cashflow is about to explode with Cote mine coming on line the stock will breach $6/share. Owning this stock is way better than owning gold since gold will not double in 2 years, but IAG will !!!
Comment by
stocktraderguy1 on Jul 21, 2021 5:30pm
very easy. to make a case for a 5-7 bil market cap... thats 4x5x current. ... I can wait till the market sees the light.. when gold starts to run then all bets are off, we neeed to get back to 4.40 pretty quick or some one is gonna score this gem for a song... they need to introduce a dividend to be taken seriously in this market.
Comment by
frances1 on Jul 22, 2021 8:21am
Great news this morning....this management team keeps hitting it out of the park.
Comment by
stocktraderguy1 on Jul 22, 2021 8:42am
wow... hard to believe they can screw things up this bad... almost every aspect, much more expensive and less productive,, time to shoot his dog and start over
Comment by
frances1 on Jul 22, 2021 8:50am
Not sure who might take this over but my guess is there is a lot of costs savings just from managment being eliminated. Complete elimination of this incompetent team...as well if technicallly a new company coud take on Westwood with new expertise....this is going to get cheaper that is for sure.