Australia's largest stock trading and investment forum Australia's #1 stock forum

EXG

Click for more information

0.00%

3.5¢ excelsior gold limited

Hi cnc, can you please elaborate how you based the market cap...

First 5 Last

Share
Profile

Follow
Ghalix

62 Posts.

2

24/01/17

03:07

Post #: 22091849
Share

Originally posted by cncventure ↑

Was my old rating.

At the moment I'd say I now have no sentiment towards it.

These results were better than expected. So it appears that management have done well to improve the operations.

Though as an investment there are still way too many medium/long term unknowns both in relation to the resource itself for this to be a "buy" and the company is still under capitalised and operating on tight margins with no control over the milling of their ore.

So with a low capital buffer they need quite a few things that are out of their control to go right, and for shareholders if any of them go wrong they'll likely lose the majority if not all their capital.

And even if everything does go right over the next 3 to 5 years I think at best the market would see EXG's as a $40m to $70m resource at current gold prices.

So the risk reward still doesn't appear to be there yet from my perspective.

Expand

Hi cnc,

can you please elaborate how you based the market cap projection for over 3 - 5 years?

Furthermore, are you implying that with only one external factor going awry, I will see all of my invested capital gone? how?

Cheers

EXG Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

First 5 Last

Add EXG (ASX) to my watchlist

SPONSORED BY