Post by
fbedard29 on Feb 07, 2024 5:32pm
Abcourt valuation compare to other project
Hi folks I have listened this morning to 3 presentatios covering Dolly Varden ( DV )
After these presentations i was convinced that i had to increase my holding in Dolly Varden.
The co presentation was that they had 140m oz of silver eq in resources cathegory.
That seemed big.
The Mcap is +- $200m.
When i converted 140m oz of silver eq i came up with 140m divided by 90 to convert to
oz of gold i came up with +- 1,555,000 of gold.
I have not done a big calculation of Abcourt value in millions of silver equivalent .
But just of my head i can estimate that Abcourt has more than 1.5m oz of gold eg in all of his
properties.
So if you compare Dv 1.555m oz in gold eq to Abcourt 1.5m oz of gold eq .
then the price of Dv Mcap of $200m to Abcourt Mcap of $30m does not seem justified
when Abcourt has a mill already ready to produce.
Yes silver has more potential to double from $23 to $50 per oz than gold has but
Abcourt has Barvue silver zinc property .
I must have made calculation errors .
So if readers have different calculations please comment and post.
Fernand
Comment by
fbedard29 on Feb 07, 2024 6:31pm
I think that Abcourt share price could be at 0.20c and still be undervalued in the next few years.. If it reaches 0.15c i could be in a sellers position(partially) but only because at my age of 77 i have to plan for my estate and let my heirs options on what and when to sell. Fernand