Another update to our valuation report for the month ending August 31, 2020. We have now received the QGold offer of $0.50 per share which as expected was opportunistic (more on that in my next post). The current valuation target in the report reflects the recent drop in the gold price and some weakness in the gold equities since the last report was released. We get a new conservative valuation range of $0.90 to $1.15. This reflects the Big Vein South deposit only and excludes all the other tenements which collectively contain more than 500,000 oz.
Also please note this report simply expresses my opinion as to what Strategic Minerals assets could potentially be worth and should not be misconstrued as investment advice upon which financial decision making is based. To the best of my knowledge the information is accurate but may contain errors.
SMC Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held