This is what I come up with by using the discounted cash flow model. My model tells me that WAF could worth 2.35 per share with 2 mining operations (you can apply a 30% discount to the share price given the sovereign risks). I posted on my LinkedIn 9 months ago using POG 1300 to work out Sanbrado mine alone worth 92c. I had to rerun my model with 2 mines with a much higher gold spot price this time.
Should the company start hedging? Based on the DOW and S & P 500 to gold ratio, it indicates spot gold price would rise to $4075-$4785 in the gold bull run. That probably explains why some analysts like Peter Schiff, Brent Johnson, Jim Richards, Peter Hug, Joe Foster and etc are predicting $3000 to $4000 gold price.
This is just my 2 cents opinion. Feel free to disagree.
This is what I come up with by using the discounted cash flow...
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Last
$1.48 |
Change
0.055(3.86%) |
Mkt cap ! $1.683B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.45 | $7.196M | 4.909M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7517 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 80961 | 8 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WAF (ASX) Chart |