RE: £100mcap+ company quickly. 15-25p a share11 Feb 2026 16:17
WSBN double JAN's value without any gold.
Once this is over 3p it will at their mcap.
One major gold asset with Parinaita with proven gold of 210,000oz, soon at 50% ownership for a tiny share conversion subject to a 12 month lock in.
Inside a massive gold mining region with roads, infastructure, energy all in place massive corp tax incentives and adjacent mines with sub $1000 AISC.
Soon to be delivering a JORC and resource upgrade there to around 350,000oz + PEA report signalling 20,000oz annual production.
Now a 100% gold project with massive massive upside with a proven JORC already of 130,000oz acquired for a mere $5 per oz.
The appointment of Paulo, former Anglo American and a Brazil national was a masterstroke.
Just the old project
Producing 20,000oz per annum as Paulo wants, here's some basic rough number crunching.
The recent RNS reinforced this is all about defining an open pit for early production using the existing resource and upcoming JORC upgrade
Assume some conservative numbers of
AISC = $1,500 per oz (adjacent mines sub $1,000 per oz)
Gold price = $4,000 per oz (now $5,100 and forecast over $7,000 this decade)
That's a margin of $2,500 in a conservative scenario.
*Regional Tax Reduction (Amazon Region): The Paranaíta Gold Project, situated in the Legal Amazon in northern Mato Grosso, Brazil, is eligible for a 75% corporate tax reduction.
$2,500 x 20,000 = $50,000,000mil
Half of that is JAN's so $25,000,000mil (assuming they don't find a path to get 100%, which may happen).
*The average P/E ratio for gold mining companies generally hovers between 20x and 30x, with recent industry data indicating a weighted average of approximately 28.15 for major industry players. Individual company valuations vary widely, often ranging from roughly 15x to over 30x for established miners, while sector-wide, the average is roughly 28.9.
Let's be ultra conservative and go with 10.
10 p/e x 25mil annual earning = $250mil market cap for JAN's share.
In this conservative scenario you get over 20p+ a share for JAN.
Then factor in a lower AISC, higher gold price, higher P/E ratio, more resource upside and much higher production rates down the lines and you can see why yhe upside is so enormous here.
You can see JAN trading over 30p a share.
CEO is keen to get open pit production started at 20,000oz per annum.
He has huge clout from Anglo American.
These results are all pointing towards a low cost, high grade, easy open pit gold mine, in a gold mining region.
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