Xali Gold Corp V.XGC

what is the El Oro tailings project worth

[horsewithnoname]

the company has  a market capitalisation of about 10 Mio CAD

it is reeceived already 500000 CAD advance payment,

but how much is the NPI of 5 % worth 

some thoughts:
there are about 120000 ounces gold and silver worth another 30000 ounces gold so 150000 ounces
let us assume a 70% recovery - so we will have about 100000 ounces to to sell,
for the sake of easy calculation let us assume the goldprice is 1800 USD per ounce and the the costs are 1000 USD per ounce, which leaves us with 800x100000 profit with is 80 Mio, let us multiply this 5% NPI and we get about 4 Mio USD, add to this the additional 1,5 Mio the company gets from the municipality share and we are at 5,5 MIo USD - or about 7 Mio CAD, but this is only a little site project
How can a market capitalisation of 10 Mio CAD be fair.
Is there a mistake somewhere in my thoughts - please correct. 
If not, I guess it is a good time to buy. 

[justus727]

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[bluemoons20]

new here  but is this project  not meant to provide capital  for  exploration  of the property.  Also  , this is a one off  so  not a recurring revenue stream  year after year  - so  you can not expect  any kind of multiplier  Right?? So  IMO  this project  does not really impact  the  CAP  of the

[severeanalysts]

your numbers arent bad but VERY conservative, asthe recovery is going to be more like 85 to 90 % We for what we have on the ground are undervalued and never mind when we come out with a 43 101 for SAN RAFAEL ALONE.  tHE SH price is going to rocket, Best Ni Cobalt with Au has to be GIGA BY THE WAY. THEY JUST FINISHED their financin and shall likely buck up back to 45 50 cents. it was an