ANL Vs CDV - Better value.??, page-6

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jj2

1,735 Posts.

14/06/17

12:37

Post #: 25265919
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Originally posted by thunder54 ↑

That comparison is off for a few reasons, lets just assume for this the capital raise is going ahead, I hope it's not personally but lets assume klaus knows what his doing and it's not some chinese scam.

After raise looking at 1,757,452,332 shares on issue, lets assume they exercise the new ground add another 40mill, total 1,797,452,332 for current Mcap of $70million.

CDV has 350,000,000 shares on issue for a current Mcap of $210million, looks cheap right? wrong ANL only hold 55%.

CDV $210mill for 100%
ANL $136mill for 100%

ANL have an exploration target of 2-2.5Moz for the current pit, 55% of that is 1.3Moz to ANL.
CDV have 4Moz in the JORC not a target drilled.

CDV $210mill for 4Moz JORC
ANL $70mill for 1.3Moz target.

Now it's not all bad, CDV met work is sheet and complicated, ANL met work looks pretty fantastic, ANL is next to an existing monster Randgold will come knocking one day won't need the uber amounts of capex for production CDV will.

Comparing ANL to CDV doesn't make ANL look cheap it makes it look expensive, if you want to make it look cheap compare it to BBX or OKU those are two companies that are way over priced, CDV is a massive beast being held back by pesky met work results, if they ever find a resolution to that issue it will be in dollars quickly.

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@thunder54

How come you have jibbed ANL of 1.2m oz in the space of 15 lines..?

The paydirt article states that Klaus is expecting a resource of 4m to 5m oz.. so even half-way @ 55% is 2.48m oz.

To that we can already add a new exploration target of 2m oz.. which would get underway once the funds are received. Looks like Klaus is fairly confident of what he has underfoot..

ANL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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ANL Vs CDV - Better value.??, page-6

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