OGX 0.00% 0.3¢ orinoco gold limited

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  1. 804 Posts.
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    Hi Unname
    I think it would be fair to say that all existing options would be converted so fully diluted SOI would be a little over a million therefore reducing MC x 25% as well I would prefer to allow 20% of NP for further research and drilling and proving up resources. P/E 0f 15 x a little high also.

    At 5000 oz p/m I would have
    60000 @ 1600 = $96mil
    less 600 AISC = $36mil

    $60 mill less $12 mil for further research drilling etc

    $48 Mil NPBT x 12 P/E = 576 Mil of 55 cents per share fully diluted

    Upsides price of gold, dropping dollar, further resources proven, dividends (dare I say it)

    GLTAH
 
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