Tudor Gold Corp V.TUD

BUY Tudor Gold - Fair Value CAD 5.29

[alpha74]

Now the first coverage with an official assessment of Tudor (incl. target price) is available. Fundamental Research is bullish and sees a fair value of CAD 5.29.

 

This is a very encouraging start. I am very sure that the big financial institutions will soon come up with recommendations. From my own experience I know that they always wait for NI 43-101 first...and it will be available by mid to end april at the latest.

 

The Tudor success story will now spread very quickly...

...and the nice thing is that in a few weeks the drills on Treaty Creek will already start turning again.

 

https://www.researchfrc.com/company/tudor-gold-corp/

The report is 15 pages long. I have downloaded it via my Bloomberg, but have not found a link yet.

[MarcusA]

Many thanks, Alpha! I could not get hold of it, so I hope  you don't mind asking what calcualtion lead to the CAD 5.29? More specifically I am interested if they mention how much an oz in the ground is worth? (JS uses 85 USD, if I remember correctly, and it would be interesting to learn if RF uses different numbers.)

[alpha74]

They take the 60% share of the 27.3 MOZ AuEq and the Average EV/Resource Ratio of their industry average of CAD 60 and get a fair value of CAD 5.29

[MarcusA]

I thought so. And this is good news too, because 60 is below the numbers mentioned by ES and JS. Thus we might consider the 5.29 CAD share value a very fair if not not conservative estimation. Good.