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I’ve recently been performing some analysis to find the ‘next’ big performer in the junior/mid-tier gold mining stocks, here are some thoughts on my own analysis.
The model values the company’s gold in ground and Net Assets (doesn’t take into account future cash flows);
- Share prices were from 3 weeks ago at the time of compiling this summary
SBM – Seems fairly priced at $2.91, potential organic/in-organic growth could provide opportunity for an increased share price
BDR – Share price only reflects NAV of the company, value of gold in the ground currently not factored into price
EVN – Seems fairly priced at $2.33
CDV – seems to be overvalued based on current known gold in the ground and Net Assets
NST – seems overvalued, but my model doesn’t take into account future cash flows, and NST seems to be the pick of all the stocks in terms of future cash flow.
RSG – seems fairly priced at 1.14
RMS – small upside potential for Ramelius of approx. 41%
Interesting recorded video presentations from BDR and RMS at the recent Denver gold forum:
BDR:
http://www.denvergoldforum.org/dgf17/company-webcast/BDR:AU
- Most of the directs seem to have played a big part of Kinross/gold corp. Seems to be a super line-up.
- Drilling results due in the coming weeks, focus on increasing LOM from current 7 years to x
RMS:
http://www.denvergoldforum.org/dgf17/company-webcast/RMS:AU
Please do your own research, this is just my own model/calculations for my trading strategy only. I don’t not provide financial advice just sharing my thoughts on some small gold mining co.
What is everyone’s thoughts on the above stocks? Which one has the best potential? Thoughts/alternative views welcome.
