Yesterday was All Time, but it’s just the beginning.
Just want to bring up a possible arbitrage opportunity for everyone. Of course DYOR TINFA
Last night I was thinking of fair MCap for WWI today before a shovel has been lifted and I read this article.
https://aheadoftheherd.com/getchell-gold-a-case-study-of-gold-in-the-ground-richard-mills/
This article was written in 2023 before the Gold bull, since then the GP has gone up $1000 or 40% so IMO these numbers would be conservative.
I’ll use 924kOz (Qala DFS) vs the 5mOz’s but to be more pragmatic as the Snr Debt Facility is for Qala.
That means that:
$69 x 924,000 = $63,756,000 USD
$63.756 / 0.62 = $102.83m AUD
$102,830,000 / 2,538,000,000 = $0.04 ps
WWI went on the radar yesterday and while the analysts are scrambling to catch up, what IDK is what ‘in the ground value’ the institutions place on a Gold Miner with $50 USD Debt facility, a couple of months from production, with Gold touching on $3k and Gold producers having increasing profit margins.
Of course DYOR!
I’m turning into a buyer again
(20min delay)