Re: New video- fair value $2 with outdated economics
in response to
by
posted on
Aug 19, 2024 11:00AM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
That's not what he said.
He said based on our current after-tax value. His $600M US number does not even add up when looking at both studies and also with being around $2 a share when doing the math. $600M US is more like $1.45 CA.
Can't believe talking about valuation is still so confusing. It should be crystal clear when making statements, by providing some kind of logic and comparables based on recent M&A activities.
I do think the entire company is worth $2 CA a share once SC study is updated, but not because Elmer is throwing that number out with improper substance to back it up.
IMO.
MoneyK