***************SOLGOLD -- Salient Points Going Forward**********
Link:
www.solgold.com/au/solgold-blog-1
Highlights:
<>"Our innovative approach extends to our d e v e l o p m e n t plans to Cascabel. While most would head straight for o p e n - p i t, Solgold is planning a b l o c k c a v e....On first estimate, Solgold believes it can h a l v e the c a p e x of a 40m tonne per annum mine using block cave. [Ref: Para 7- "Exploration & Innovation", Solgold Blog, 6 Dec 2017]
<>"With a potential m u l t i - b i l l i o n tonnes resource, our Cascabel project is mooted to be one of the most attractive mineral properties discovered in the last decade. " [Ref: "The Future is Bright, the Future is Copper", Solgold Blog, 2 Feb 2018]
<>With r e g u l a r u p d a t e of the resource estimate & PRELIMINARY ECONOMIC ASSESSMENT in s i g h t at Cascabel, from your projects across Ecuador & US $100 MILLION in the bank, Solgold is firing on all cylinders.
"There is already 10,000m of drilling s t i l l to be a s s a y e d & i n c l u d e d in the model. With 12 r i g s across the site & 120 km of d r i l l i n g planned for 2018, u p d a t e of the resource will be r e p o r t e d r e g u l a r ly."
[Ref: "Happy New Year", Solgold Blog, 5 Jan 2018]
<><>The Maths - From Above Post [Data from Solgold Nov 2017 latest Presentation]
Solgold Share price 22.2 British pence
Mkt Cap £376 million
"Revenue = $2.138 billion
Operating Surplus =$ 1.41 billion } In £= £1 billion appox [£1=US$1.39]
Tax @ 22% - $311 million
---------------
AFTER TAX [Modelled] = $1.103 billion } In £= £800m appox[£1=US$1.39]
Note: Solgold states conceptual and $ is US$
Comment:
Whilst today*s Solgold price is around 21.7 British pence today, 8 Dec 2018, my previous post used 22.2 British pence with Mkt Cap £376 million.
In the London market, a P/E of 10 is conservative.
I wont work out the simple maths of PE 10 for potential £800m After Tax Surplus ie how much Mkt Cap could be [800x10].
Low share price for the year is 19.73 British Pence and 46.81 British pence High [Source: Google Finance] From this one can see that the Mkt Cap was almost double from £376 million.
<> "Target Price Consensus Revisions - last 18 months"
Link :
www.4-traders.com/SOLGOLD-PLC-4005870/consensus/
Highlights:
"Mean Consensus - Outperform" [Right side of chart]
"Average Target Price 53 pence"
"Consensus Revision {Last 18 months} - Light and Dark Green [Right chart] - Buy and Outperform only
"Consensus Detail- 3 Outperform" [Total opinion of 3]
Please check.
9 Feb 2018
