Hi TX3
I have taken a conservative approach here.
The newly formed entity could very well have a book value of $0.22 per share based on 6 billion shares and a combined balance sheet.
As for the 2.5 multiplier used on p/bvps.
I have used the following:
Morningstar P/B ratio for our index shows 2.24 in red 5 valuation screen.
Alpha spread site shows our median of 2.5 P/B and slr median at 1.1.
As the two combined forming a new company and possible rerate back to a conservative price based on financial fundamentals, I have only used the balance sheets to derive my result , I think we start at a conservative base value of our new book value x index average of 2.5.
It would not take long for our book value to increase dramatically as a result of improved free cash flow and total gold production increased as a combined
entity.
Go Gold
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Last
37.5¢ |
Change
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Mkt cap ! $2.550B |
Open | High | Low | Value | Volume |
37.0¢ | 38.0¢ | 37.0¢ | $5.609M | 14.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 311637 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 1805403 | 9 |
View Market Depth
No. | Vol. | Price($) |
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1 | 13322 | 0.375 |
9 | 348492 | 0.370 |
33 | 860113 | 0.365 |
23 | 824605 | 0.360 |
25 | 375766 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 750000 | 2 |
0.385 | 590715 | 11 |
0.390 | 2815312 | 11 |
0.395 | 982544 | 13 |
0.400 | 1369333 | 19 |
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