GOLD / RED 5 & SLR ON FIRE. Wishing all well., page-8

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T3X

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12/04/24

13:46

Post #: 73315571
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Originally posted by rational01: ↑

Hi TX3
I have taken a conservative approach here.
The newly formed entity could very well have a book value of $0.22 per share based on 6 billion shares and a combined balance sheet.
As for the 2.5 multiplier used on p/bvps.
I have used the following:
Morningstar P/B ratio for our index shows 2.24 in red 5 valuation screen.
Alpha spread site shows our median of 2.5 P/B and slr median at 1.1.

As the two combined forming a new company and possible rerate back to a conservative price based on financial fundamentals, I have only used the balance sheets to derive my result , I think we start at a conservative base value of our new book value x index average of 2.5.
It would not take long for our book value to increase dramatically as a result of improved free cash flow and total gold production increased as a combined
entity.
Go Gold

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Thank you rational and if you could also answer the question posted above I'd like to hear your explanation

RED Price at posting: 42.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 41.0¢		Change 0.015(3.80%)		Mkt cap ! $2.789B

Open	High	Low	Value	Volume
40.0¢	42.5¢	40.0¢	$12.52M	30.35M

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No.	Vol.	Price($)
11	423455	40.5¢

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Price($)	Vol.	No.
41.0¢	60000	1

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No.	Vol.	Price($)
11	423455	0.405
27	1147375	0.400
24	1359590	0.395
66	1384572	0.390
46	1554097	0.385

Price($)	Vol.	No.
0.410	60000	1
0.415	30185	1
0.420	794631	15
0.425	927700	31
0.430	694866	20

Last trade - 16.17pm 22/07/2025 (20 minute delay)

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GOLD / RED 5 & SLR ON FIRE. Wishing all well., page-8

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