example: valuing gold companies, page-4

"The Master rating will be the average of the 4 ratings and if it is above 1.0, it should be deemed favourable.

The Master rating is (2.0 + 0.85 + 0.75 + 0.0)/4
= 3.6 / 4
= 0.9"



I guess the $3.3M RED just earned in 1 month of Commercial plus the other start up earnings not counting as cash flow is technical at best. We all know it's happening, it's just not been entered into a quarterly yet.

So if we revise their equation to include !!!positive cash flow with no debt which should give it a big 2!!!

The Master rating is (2.0 + 0.85 + 0.75 + 2.0)/4
= 5.6 / 4
= 1.4

Wonder it's a deemed favourable now ? ;)