Base Case = $1,400 Au Fully-Diluted Shares = 289,300,000 F/D Market Cap (22 March 2019) = U.S. $127,292,000 Average Annual Production = 90,000 ozs AISC = $787/oz CapEx = U.S. $70,807,804 NET Cash Flow (LOM) = U.S. $591,232,196 Projected Market Cap = U.S. $590,172,000 Projected Book Value per Share = U.S. $2.04
Wherein an A+ implies the very deepest of present value in terms of Value of Resources by Fully-Diluted Market Cap.
Beware the Deep Value Trap
Just because it has a good letter grade doesn’t mean it isn’t a deep value trap. It’s up to you to find out why lbs. of this or ozs. of that are on sale. After all, some of the cheapest uranium lbs. by market cap available could prove the most expensive you ever buy.