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Xtract Share Chat (XTR)



Share Price: 0.185Bid: 0.18Ask: 0.19Change: 0.00 (0.00%)No Movement on Xtract
Spread: 0.01Spread as %: 5.56%Open: 0.19High: 0.205Low: 0.18Yesterday’s Close: 0.185


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Gold007
Posts: 787
Observation
Opinion:Strong Buy
Price:0.185
$1,300
Today 00:51
Less than $6oz before GOLD HITS $1,300oz, will be very interesting Gold continues to edge higher in the coming Quarters!
 
draft
Posts: 6,908
Off Topic
Opinion:No Opinion
Price:0.185
This year Will be the good year
Sun 19:17
when that BFS and bank financing gets announced - multiple rockets and im not talking about the ice lolly
Gwynwin
Posts: 66
Off Topic
Opinion:Hold
Price:0.185
The Gold is in the ground
Sun 17:18
Time is the question this company will be paying divi' one day, just not until the mining results start turning in.
2018 should be a good year ?.
JDAU
Posts: 789
Observation
Opinion:No Opinion
Price:0.185
View Thread (5)
RE: Rough valuation for Manica
Sun 16:46
Apologies all, missed the $ to £.
Pps approximate valuation should be more like:
0.65 - 1.7

As a side note, all calculations are very rough.. "Fag packet" if you will. They also do not include any unmentioned upside or Chepica numbers.

Disclaimer: all numbers mentioned on this thread are rough and potentially contaminated by cider influenced shenanigans...
JDAU
Posts: 789
Research
Opinion:No Opinion
Price:0.185
View Thread (4)
Rough valuation for Manica
Sun 16:36
Afternoon all, I've been doing a little digging into valuation of gold miners and while it seems to be rather subjective I.e what applies to one company by no means applies to another, there are some ball park numbers which we may be able to consider...

(Source of info:)
http://www.fool.ca/2014/06/10/2-more-key-ratios-for-valuing-gold-miners/

Nb. Not normally one to take note of the fool but an interesting article nevertheless..

"Kinross has an EV of six times EBITDA, which is low for a gold miner. It is significantly lower than many of its peers, with the exception of Barrick Gold (TSX: ABX)(NYSE: ABX), which has an EV of five times EBITDA. Kinross’s EV to EBITDA is lower than Newmont Mining’s (NYSE: NEM) EV of 10 times EBITDA, Yamana Gold’s (TSX: YRI)(NYSE: AUY) 12 times EBITDA, and Goldcorp’s (TSX: G)(NYSE: GG) nine times EBITDA."

The Manica project currently gives a total "EBITDA of US$245 million (assuming LOM of 12 years)"

To run some rough calcs we could say it'll provide roughly an EBITDA of $20mil annually.
Looking at the valuation methods provided in the article above we can conservatively say the Manica project (once in production) could be worth anywhere from $100mil addition to market cap to a far more speculative $250mil. [sp equating to between 1pps-2.5pps BUT would need to be adjusted for any dilution as a result of financing]

These are very, VERY basic numbers but this potential at Manica, Chepica having been turned around and any LoM extension or resource upgrades to either project essentially translates into a massive amount of upside here. Just wanted to get down on paper why some of us here see 1p as "easily attainable".

(source: http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=jbdx03au&ArticleHeadline=Update_on_Manica_Gold_Project )

Always happy to discuss and learn, that being said, anyone else have any rough thoughts on numbers?
Dobin
Posts: 833
Off Topic
Opinion:No Opinion
Price:0.185
Snr. Pedro & Mr Dau
Sun 14:05
Sirs,

Consider yourselves awarded a gold star today.
JDAU
Posts: 789
Observation
Opinion:No Opinion
Price:0.185
RE: JDAU & Pedro666
Sun 14:00
Good to be a part of some constructive, collective research today!

It's going to be an interesting week..
Pedro666
Posts: 534
Off Topic
Opinion:No Opinion
Price:0.185
RE: JDAU & Pedro666
Sun 13:54
JD your a gentleman , pleasure to read the board today
LordSnooty
Posts: 6,360
Off Topic
Opinion:No Opinion
Price:0.185
RE: Alluvials
Sun 12:56
I believe Mr Silberstein did an interesting rain dance by way of diversion.
JDAU
Posts: 789
Observation
Opinion:No Opinion
Price:0.185
RE: Alluvials
Sun 12:54
Snooty- had another listen through our previous webcast a few days ago. What a reminder!

Nothing much to add to your summary, I feel our various projects have so far been very much underplayed to the market. Granted we've had a few issues over the past 6 months but we're over the hill and on to greener pastures (imo).

The numbers for the various projects are quite frankly astounding.. If we can hit anywhere near the $30mil profit suggested then our little group of long termers may indeed be laughing all the way to the bank!

Look forward to actually making it to one of the London meetings before long, circumstances have not been permitting so far... Speaking of which, did anyone attend the investor show yesterday?




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