Ann: Quarterly Activities Report, page-25

@Xpfalcon

@metaljaune does not have a crystal ball or amagic wand, so unable to predict future share prices..........todays trades @0.23 come as a surprise let alone predicting the share price in the future.

Here is what I can share about my perspective:
1. Referencing @Goldhunter122 post of 6/7/21 (link and extract below). Iconsider this forward looking model well within the realms of possibility. IfSNG achieves annual production of 100K oz Au then a P/E ratio of 5x isconservative. Subject to the Life of Mine expectancy (proved reserves,indicated & inferred resource) a higher P/E ratio may be applicable.As Gold production becomes increasingly certain & de-risked, theMarket & Analysts will rely on DCF & NPV models to forecast SharePrice. You should note that @Goldhunter122 does not factor into the model anyequity raisings and may explain his conservative P/E ratio.
https://hotcopper.com.au/posts/54306102/single


2. Real Case Study - PEA Summary - Sensitivity Analysis Below is an extract from a current PEA/PFS (Canadian Gold Mine Developer) that illustrates the impact of key variables such as Gold Price, Capex & Opex on NPV and IRR. This may be a reasonable analogue if you are wanting confirmation of the numbers used by @Goldhunter122 and to understand the sensitivity of economic viability.


3. Resource Valuations. - Here are somePeer Comparisons (Canadian Data) for Enterprise Value/ Measured & IndicatedResource Ounce.
As you can see from the chart below, the Market can ascribe a broad range ofvalues depending on a range of variables that contribute to the success of acompany.