Updated EV comparison (I will endeavour to update weekly...
).
Note:
- Speculator101's back-of-napkin valuation method added to table...
- This table is a work in progress (so all feedback welcome for sake of accuracy and helping others).
View attachment 204862
Musings:
- Based on EV per Ounce (EVO), BLK is undervalued by 5, 2 and 3 to DRM, SLR and BDR, respectively
- Assumption: High premium on DRM SP based on grade, management, no. of mines, future guidance, etc.
- Based on Speculator101's valuation method (using $400A$M for every 100kozpa), then BLK has a target of $1.69.
- Based on EVO, BLK SP should at least double to meet its nearest peer SLK. Therefore, $1.88 target.
DF
