Member Info for Balanced66

Some may be more leveraged to the spot price as they currently have higher aisc. However, I would say we are still highly leveraged to the gold price as well are far from a realistic valuation sitting at a low single digit pe, huge cashflow, no debts, growth to come in other jurisdictions and possibly in Nigeria (maybe even an acquisition?) future dividends etc.

This is still very undervalued so there should be plenty more to come share price wise.

Just some very rough Chat GPT figures and accept there are many variables. This is on the basis that GSR is producing 25k Oz a year which was the near term target.

Re-run Valuation at $3,300 Gold (with jurisdiction discount)

Operating margin: $45m/year

FCF: $31–36m

If we apply a lower multiple (3–6× FCF)

3×: ~$100m

5×: ~$150–180m

6×: ~$190–215m

The underground mine is a high grade resource and these values are at $3300. What about at $4000 plus and also when production is increased to circa 50k?

A sale or an IPO should create a significant uplift to the private company fundraiser valuations which are nearly always much lower.

The CEO of Cerrado stated to the effect that his company was comparable with others valued at 2-3 times the market cap and gave the one example of Serabi; I forget the other stock he mentioned. So lots of upside left in Cerrado.

Hi Timmit

Thanks for that and good to know as Orla is a highly rated high quality company.

I found the video. Listen from 4 minutes 53 seconds. I have some Avino and it has been a great performer for me. Also have some Cerrado so share a number of stocks with MAFL before I knew they held these as well.

https://youtu.be/kZXHWEc3C7w?si=e3eERzyLX9G1c4ST

In one of the interviews he was talking about buying a silver stock - Avino I believe, but was watching the price. Hopefully they bought something else in the silver space.

It's picked up now on the Canada exchange!

Thanks for the link. I've seen some of his other predictions for gold in the last 12 months. He's been wrong far too often for me to personally pay any attention to what he says.

This seems like a no brainer to me. Undervalued NAV earlier in the year and since then the precious metals sector has had strong gains. Also holds gold and silver bullion I understand so a great buy.

Don't see it staying here at these levels for long.

A special divi is treated differently from the normal dividend policy so it could be paid.

One of the comments from a global shareholder highlighted the company's very low aisc. The valuation is at circa $700 m valuation for $240M net income annualised. If the gold price stays high this stock is worth 3-5x the current price. I agree with this view and it may even go higher with the new projects coming online.

This was saying overbought a few days ago. Nothing has changed with the TA analysis.

https://www.barchart.com/stocks/quotes/THX.LN

These percentage increases are better than many US and other Canadian gold stocks.

It had a very good and quick run up:

1 month - 25.5% and 6 month- 175%

Some pullback was likely.

Like I said Noel, not a bad effort. Technical analysis has its place but I look at fundamentals first.

Agree on silver coins. I'm in a few silver stocks already.

Not entirely correct. He called it at 65 but it went up to 70p! So he sold a little early. Then when it dropped 2p or so to 63p, he was rushing to buy back and couldn't get filled for one of his allocations. He said he believed it will push ahead without falling back in those posts after he bought back some at 63p ish.

He's wasn't great at predicting the share price movement but not a bad effort.

Most are saying there's now a floor at $3000. With a growth company like THX a stable gold price is all that is needed.

Think Don Durrett mentioned 1500 on the HUI as a target.

Https://youtu.be/Y7zm5x-nq_Y?si=6fVcdpqb-n8Jztsn

Tenbagger was too embarrassed to return after telling people to sell THX in the 20s so has likely appeared as a fake ADW id. Understandable why he wouldn't want to post again as tenbagger as he would be seen as a buffoon again.

Clearly put in more than he could lose into Matd and is now seeking to blame ADW when he should be thanking the real ADW who provided a warning to shareholders there about getting out of the stock.

It's not me telling you, it's in the LSE terms and conditions of use. Always worth checking these!

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