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HarryKane

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20/06/20

11:17

Post #: 45341460
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Originally posted by scittyandcross: ↑

Now let me know if I've got this completely wrong but I was very very bored and decided to do some very very back of the envelope calculations.

It looks like "the market" has decided $120M is around what our market cap should be. So lets say $0 for South Africa, $10M for historic drilling in El Guyabo so that leaves $110M market value for Argentina.

Lets assign an in-ground value of gold = 5% of current price. So that gives us $2500 AUD x 5% = $125 per oz. (As a comparison the "Road to $1.48" report used an in-ground value @$175 AUD)

Anyway our share (75%) x $125 = $93 per oz.

So if we divide $110M by 93, the market is saying it expects we've got around 1.2 M oz's at Hualilian. (not completely unrealistic)

Now if we've got 1.2 MOz's over a strike length of 1.8 KM that means, if you average the grades out, its end up as $6M of market cap for every 100 metres of strike for a resource which appears to be still open in every direction.

Please remember this may be the musings of a complete fool so DYOR!!!!!

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SOI is 800m shares so MC is $176m. At that MC @gapup I'd say it's unreasonable to say: "For whatever reason the market has fallen out of love with this company".
Kris Knauer is doing a great job leading this company towards 3 - yes THREE! - Tier1 deposits:
1. Haulian - perhaps 3-4moz at 10g/t Au equiv
2. Colorado V/El Guayabo IRGS
3. El Guyabo Cu/Au porphyries.
Sit back, relax and enjoy the ride. Kris & Fletcher have navigated this path previously with outstanding results i.e. Citadel.

CEL Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 5.4¢		Change 0.001(1.89%)		Mkt cap ! $75.22M

Open	High	Low	Value	Volume
5.3¢	5.5¢	5.3¢	$64.85K	1.209M

Buyers (Bids)

No.	Vol.	Price($)
2	88471	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	573871	2

View Market Depth

No.	Vol.	Price($)
2	88471	0.053
4	103000	0.052
5	461607	0.051
3	235000	0.050
1	350000	0.049

Price($)	Vol.	No.
0.054	362392	1
0.055	140000	2
0.056	210291	3
0.057	140000	1
0.058	358780	3

Last trade - 16.10pm 15/07/2024 (20 minute delay)

CEL (ASX) Chart

Wednesday Morning, page-41

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Wednesday Morning, page-41

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