Post by
winr88 on Mar 03, 2022 10:30pm
$1.06 a share GMN BullMarketRun $1.85 a share
From the German Mining network August 2021
AZS Valuation.
AZS, a favorable prospect for a takeover offer
Figure 16 shows a valuation of the Arizona Silver Exploration based on its resources.
With a 700,000 ounce gold resource, the company's value is $70 mn which results in
a $1.061 value per share. The notable players of the industry like Coeur Mining,
AngloGold Ashanti, and Barrick Gold have shown a great interest in acquiring such
companies. Therefore, the potential for a smooth takeover of the company is
considerable, as it has happened with the Northern Empire Resources (acquired by
Coeur Mining), Corvus Gold Inc. (acquired by AngloGold Ashanti), and other similar
companies.
Figure 16: AZS Valuation
Arizona Silver Exploration and Northern Empire Resources are very similar in terms
of drilling results and resources. The location of their projects are also close to each
other (figure 17). Northern Empire Resources was valued at approximately US$90
million (C$117 million) with C$1.64 a share on August 1st, 2018. Northern Empire's
principal asset is the Sterling Gold Project located in Nevada, with a total inferred gold
resource of approximately 709,000 ounces averaging 2.23 g/t.
Figure 17: Location of AZS and Northern Empire projects
Source: Companies Websites
Deposit size (Oz) 700.000
Per ounce in the ground ($CAD/Oz) $100
Valuation ($CAD) $70.000.000
# of shares 66.000.000
Value per share ($CAD) $1,061
Bull Market Run require a subscription costing $759 per 6 months pro, $599 per 6 months gold and $399 6 months basic..
I heard fa rumor from a subscriber that BMR estimates AZS value at $1.85 per share. No wonder we are seeing some good runs in the SP lately. I think the BMR estimate has come after the Bulk tonnage discovery.
I also disagree with GMN saying AZS is ripe for a takeover. That's down the road a ways yet. There is plenty of exploration and a real 43-101 valuation coming before any talk of selling occurs. IMO. The GMN resource estimate is just that "an estimate"