SBM Analysis

I’ve recently been performing some analysis to find the ‘next’ big performer in the junior/mid-tier gold mining stocks, here are some thoughts on my own analysis.

The model values the company’s gold in ground and Net Assets (doesn’t take into account future cash flows);

• Share prices were from 3 weeks ago at the time of compiling this summary

SBM – Seems fairly priced at $2.91, potential organic/in-organic growth could provide opportunity for an increased share price
BDR – Share price only reflects NAV of the company, value of gold in the ground currently not factored into price
EVN – Seems fairly priced at $2.33
CDV – seems to be overvalued based on current known gold in the ground and Net Assets
NST – seems overvalued, but my model doesn’t take into account future cash flows, and NST seems to be the pick of all the stocks in terms of future cash flow.
RSG – seems fairly priced at 1.14
RMS – small upside potential for Ramelius of approx. 41%

Interesting recorded video presentations from BDR and RMS at the recent Denver gold forum:

BDR:
http://www.denvergoldforum.org/dgf17/company-webcast/BDR:AU

• Most of the directs seem to have played a big part of Kinross/gold corp. Seems to be a super line-up.
• Drilling results due in the coming weeks, focus on increasing LOM from current 7 years to x

RMS:
http://www.denvergoldforum.org/dgf17/company-webcast/RMS:AU

SBM:
Can be found on the denvergoldforum website


Please do your own research, this is just my own model/calculations for my trading strategy only. I don’t not provide financial advice just sharing my thoughts on some small gold mining co.

What is everyone’s thoughts on the above stocks? Which one has the best potential? Thoughts/alternative views welcome.