My Updated 2025 Post-Finance Numbers
Using USD 2,100/oz gold pricing and the World Gold Council’s average AISC of USD 1,375/oz —which is 58% higher than WWI’s DFS estimate of USD 871/oz —I estimate a valuation range for WWI, incorporating the bottom-end resource potential from the successful granting of PR 10730 and the expected granting of PR 10839:
- Lower bound: ~10 to 12 cents/share, reflecting resource potential from PR 10839 and a conservative valuation approach.
- Median: ~15 to 16 cents/share, using an adjusted earnings-based approach and factoring in resource growth.
- Upper bound: ~20 to 22 cents/share, reflecting peer-aligned benchmarks and operational scalability.
If PR 10839 adds an estimated 500,000 to 1,000,000 ounces to the current Mineral Resource Estimate (MRE) of 5.025 Moz, the valuation reflects a significantly extended operational life and enhanced project economics.
Why These Numbers Are Conservative:- Gold Price Buffer: The valuation uses USD 2,100/oz, which is 19.23% below the current market price of USD 2,600/oz.
- AISC Adjustment: Incorporating the WGC AISC (USD 1,375/oz) adds a 58% cost buffer over WWI’s DFS estimate, ensuring conservative projections.
- Resource Potential Considered: The addition of PR 10730 (now granted and included in the MRE) and PR 10839 (~500,000–1,000,000 ounces) is factored in conservatively.
- Exclusions: This valuation excludes the Bird Reef uranium exploration target, as this remains a significant but unquantified future opportunity.
Bring on 2025, this big girl is about to go boom!
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