lowest cost gold companies, page-25

thanks Fatsoh ....... yes it was plagiarised.

from Mgm1a
Posted: 25/04/10 13:29
Post: 5298808
Code: RED - RED 5 LIMITED

Update for some new readers

Check RED value based on an "explorer" status:
Mkt cap $161M
less cash $63m
less value of plant purchased $1m
EV=$97m
Jorc 848koz
EV/oz $114 =Fair but absolutely not expensive by any means.

Now the explorer tag shouldn't be used as RED is a nascent PRODUCER, so checking NPV is becoming more relevant.
Using POG $1100OZ,
POS $15oz,
discount rate 10%
AUD/USD $0.9
NPV= 35c. [Since last time RED now has near 100% of Siana]


Permits done, 31 instos on board, fully funded, EPWC award,experienced mgmt, 1st gold pour Mar/Apr 2011.

Then there's Mapawa porphery on top of that!


thanks Mgm1a for the wonderful summary