RE: Can JAN 20 bag this year?8 Mar 2026 17:25
It can achieve a mega valuation with the incoming production.
20,000oz annual production at the first gold project is the plan, see below:
All the information below is direct from the previous RNS for the project. Given we know it is high grade and very shallow it will no doubt in my mind end up going the Serabi route. Check out their share price and the rise it had....
Location of the Project within the Alta Floresta Gold District - a proven gold producing region
Targeting a high-grade, open-pit gold operation producing 20,000 ounces of gold per year.
· 7,211-hectare Paranaíta Gold Project is a gold-rich porphyry-epithermal system with extensive historical data, artisanal mining history and structural similarities to nearby producing high grade gold deposits
Metallurgical tests produced excellent recovery rates highlighting the production potential of the project.
If we go with a $4000 per ounce of gold margin then x 20,000 p/a leaves you with $80,000,000 revenue per annum.
Half of that would be for JAN for this first gold project, so $40,000,000.
Go with a conservative P/E ratio of 10 and JAN can command a $400,000,000 valuation and market cap vs the $25,000,000 it is at now. So that's almost 20x in such a scenario.
Then factor in:
+the rising gold price
+increasing production
+resource unlocking and production at Molly Gold which is 100% owned by JAN
+value from a 3rd highly prospective gold project which is anticipated
Could quickly do well more than 20bags.
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