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Bullboard - Stock Discussion Forum Puma Exploration Inc V.PUMA

Alternate Symbol(s):  PUMXF

Metals & Mining Gold Industrial Metals & Minerals
Puma Exploration Inc. is a Canada-based mineral exploration company. The Company has a portfolio of precious metals projects located near the Bathurst Mining Camp (BMC) in New Brunswick, Canada. It controls more than 70,000 hectares (ha) of prospective land in northern New Brunswick. Its projects include Williams Brook, Jonpol, Portage, TIMM, McCormack Brook South, Carleton, Rocky Fault... see more

TSXV:PUMA - Post Discussion

Puma Exploration Inc > Valuation
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Post by stocksnbonds458 on Sep 11, 2021 1:19pm

Valuation

I was reading an article that stated exploration companies are paid an average price of $40-$50 US ($58 CAN avg) per ounce by mining companies for their discovery. This would mean that at the present $0.59 share price Puma is priced right now for an 810,000 oz resource. Does this sound accurate?
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Puma Exploration Inc