sag4tag said:
Am I reading this release properly?
Indicated
1,834,000(t) X $515 = $944,510,000
Inferred
1,087,000(t) X $614 = $667,418,000
Total resource net smelter value, indicated and inferred
= $1,611,928,000(NOT’S profit)
NOTE: I would put total revenue, not profit.
Now divide this by the estimated fully diluted shares of I believe around 138 million.
1,611,928,000 = $11.68 net smelter revenue(NSR)
Typically valued at 10% NPV, or $1.168 share. At 30%+ NPV during buyout. The values are very low since it is a 3 year average going back.
1 member recommends this.
Mr. Parisotto and Mr. Hamilton address the Noront investment community.
