Hi guys
I have been reading the ambrian gold report on the GDO website and here are some interesting facts
The report was done when GDO was at 29 so I have grossed up all the figures to reflect today's closing price
GDOs ev per resource 19 v peer group av( peer group is producers) 146
Ev per reserve GDO 285 vs peer group average of 421
Venterburgs value which no one includes in any valuation other than comments they will include it if pre feasibility is positive
Peer group av of pre feasibility projects 127 per resource oz - value of 400 million plus based on the above average or Venterburg if valued like other pre feasibility companies would be worth 50 cents per share alone
Modder east NPV alone 47 at multiple of 1 and 70 cents at multiple of 1.5 which report suggest should be priced if GDO meets March production figures which it has exceeded.
Cash accumulation excluding goliath value in 4 years 221 million.
These are not my figures - they are based on a lower pOg and I am sure this will be rerated with time by at least 3
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