Post by
Heywood_Silvers on Sep 24, 2024 12:48pm
Comparing Casino to a southern neighbour
I was kicking the tires last year on a potential acquisition of Artemis Gold in the Canadian province below the Yukon (I never acquired shares though due to lack of management responsiveness to investor inquiries). Anyways, I see that their market cap has increased to about 9 times the current market cap of WRN. Artemis' M&I resource comes in at only about 60% of the gold resources than what Casino has (albeit a higher grade).
Long story short, I compared their 2021 FS NPV (outdated of course) to Casino's (also outdated) and they both come in around $2.2 billion. Artemis is on the cusp of first pour, so they are quite further along the Lassonde Curve. That being said, considering Casino is as good or bettter a project at first glance, the case can easily be made that as Casino reaches a similar stage on the development curve we should see 9x our current price or about $12 USD a share. Of course, all bets are off once we start getting towards $5k gold and a mania phase sets in, but I just wanted to highlight to any of the naysayers that we aren't worrth or won't reach double digits share price that other companies are doing this and our time will come as well. Patience of course is needed.....
Comment by
MetalMinded on Sep 24, 2024 2:05pm
I've consistently held out that the final fair sales price would be $10-$12/share.
Comment by
Patriarch on Sep 25, 2024 7:56pm
Metal your a rookie. Dead money gramps. Dead money.
Comment by
Sooner on Sep 25, 2024 9:11pm
So govt investing $40M for grid connect study/project to tie into BC grid so they have enough power to run moose farms in Yukon....and investing in Skagway port to export Moose meat...and building roads to Casino to get to the future Moose farms...
Comment by
nmpappy78 on Sep 27, 2024 1:15pm
Thanks again for sharing your knowlege and expertise, Heywood!