I’ve done the math, spreadsheet has many moving parts. I’m confident in my assumptions. Hence the statement DYOR.
FYI, Taking the highest number in isolation from a range is never prudent.
It’s not economics but intrinsic value investing. DCF for a period of 10 yrs or more. If you were on top of it you could argue tailing 12mth vs +10yrs DCF. But then my response would be a higher multiple, without a change in assumptions (so a moot point) but I personally don’t use 12mths because of the manipulation of earnings.
Buffett and I have done well out of it, and it’s what most analysts use.
Happy to have a tech conversation with you, because I’m happy to learn. The intrinsic method is also multiplied by new revenue streams bought on ‘earlier’ (Qala extension with PR and Central Bird Uranium/Gold) and savings, I’ve included savings projections but not the revenue streams yet.
But to preempt your response, if you’re on your game and ‘not understanding’ and all is that all 0 to 1 enterprises (explorers and developers) have zero 12mth tailings and therefore a PE of 0.
Anyway my friend, with no numbers, technically statements, no point continuing, unless you want to put up some numbers and assumptions yourself.
finance for the Qala project to start production is the committed step the market will need. I’ve been clear on that from day 1. Fingers crossed this quarter.
As always do your own research.
WWI Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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