As regards valuing gold juniors, here is a list of those planning to produce soon providing approx mkt cap, resource and trading range. I also add the 2nd lot courtesy of zephyr2 from the NAV thread on WA miners and their planned production details:
FML: MC$194 1.9Moz last 6 months 0.025 - 0.077 now 6.1c SAR: MC$183 3.0Moz last 6 months 0.18 - 0.48 now 41c NAV: MC$51m 1.3Moz last 6 months 0.12 - 0.23 now 13c AAM: MC$61m 1.7Moz last 6 months 0.13 - 0.42 now 32.5c RNG: MC$68m 0.6Moz last 6 months 0.02 - 0.05 now 2.9c MCO: MC$45m 0.9Moz last 6 months 0.15 - 0.48 now 36c GOA: MC$28m N/A last 6 months 0.013-0.058 now 3.3c NME: MC$20m 0.4Moz last 6 months 0.16 - 0.30 now 20c CVY: MC$15m 1.0Moz last 6 months 0.10 - 0.40 now 21.5c
Navigator $51m 100,000 oz pa 1.9 g/t 5 years April 2010 Regis $284m 90,000 oz pa 1.5 g/t 6 years Sept 2010 Saracen $160m 110,000 oz pa 1.7 g/t 6 years Feb 2010 Catalpa $160m 130,000 oz pa 1.2 g/t 7-8 years June 2010 (Catalpa as at Sept 09, pre-merger) Integra $200m 75,000 oz pa 3.1g/t 4 years July 2010
This gives a simplistic comparison for further research and I am holding six of them. Gold looks good to me for 2010 though not expecting anything much higher than $US1250, though willing to be surprised.
