LCL

11.1%

1.0¢ lcl resources limited

Value Proposition, page-15

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ALeeG

619 Posts.

06/08/20

09:04

Post #: 46336820

Originally posted by Hateful8: ↑
Hey LBD, quite an interesting little story.. Now I cook the duck slightly differently using the model value parameters for inground ounces below..

I find it discounts well for all the perceived risk in getting the stuff to market and curtails my over exuberance of linking things to the POG.
GOLD

$2,040
$932,280,000

$0.140

Status Oz
IG V/Oz $ IG D/PoG IG V/Moz $
SOI
SPV

IF 457000
$20 -99.02% $9,140,000.00
322000000
$0.028

MI

$30 -98.53%

322000000

(MI+IF/AV) 877000
$41 -97.99% $35,957,000.00
322000000
$0.112

1. https://www.*****.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html

Based on the costof 253 gold deposits acquired from 1990-2013, Cipher calculated a median benchmark value for an ounce of gold in the ground at about $40

and established that 80% of the ounces were valued at less than $90.

2. http://www.munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

Based on the analysis of 90 companies to calculate some averages Munknee arrived at these numbers:

• US$20 per ounce Inferred

• US$30 per ounce for M&I

• US$160 per ounce for P&P

Based on what we have as a known at this point and effectively discounting everything else to zero I get a combined value of .14c..

So yeah, buying in at 8 was the no brainer I thought it was & we still have all the upside potential discounted to zero just in case.. You'd think this little oversight will get picked up fairly soon.. haha 8H

p.s I think ***** have done away with split values now and appear just use an overhaul value of $45 dollars for each oz AU, but I'm happy with the lower figure for now..
Expand
This is great! I've been trying to do a similar calculation for another company. I had the same $ for MI and IF. Can I ask what the AV stands for in your formula?

LCL Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held

2 Upvote

0 Great analysis

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Value Proposition, page-15

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

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GOLD		$2,040		$932,280,000		$0.140

Status	Oz	IG V/Oz $	IG D/PoG	IG V/Moz $	SOI	SPV

IF	457000	$20	-99.02%	$9,140,000.00	322000000	$0.028
MI		$30	-98.53%		322000000

(MI+IF/AV)	877000	$41	-97.99%	$35,957,000.00	322000000	$0.112


1.	https://www.*****.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html

	Based on the costof 253 gold deposits acquired from 1990-2013, Cipher calculated a median benchmark value for an ounce of gold in the ground at about $40
	and established that 80% of the ounces were valued at less than $90.

2.	http://www.munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

	Based on the analysis of 90 companies to calculate some averages Munknee arrived at these numbers:

	• US$20 per ounce Inferred
	• US$30 per ounce for M&I
	• US$160 per ounce for P&P

Value Proposition, page-15

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Pantera begins drilling of maiden test well at Smackover

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

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