RE: June view16 Jun 2023 01:49
Seingred needs to be reminded what Condor is selling:
“ Valuation 23 May 2023
Market Capitalisation at 30p = £54M or US$67M
Valuation of an oz gold in the ground. Takes no account of permits, FS, land, upside, mill
2.5M oz gold for La India Project + Rio Luna concession and silver credits US$27 per oz gold in the ground or 1.3% of gold price $2,000 oz gold
Post tax NPV: Best indication is 150,000 oz gold p.a. scenario in PEA:
• US$418M NPV and IRR 54% at US$1,700 oz gold. price to book ratio 0.16 times
• US$628M NPV and IRR 74% at US$2,000 oz gold. price to book ratio 0.10 times
• US$769M NPV and IRR 87% at US$2,200 oz gold. price to book ratio 0.09 times”
They are also making a strong case for a 5 million + oz gold district on the basis of considerable drilling that has been done.
CNR has a rare and attractive asset which is of interest to several companies who have entered the process. Patience should be rewarded.
Look at those numbers from the company to understand this will sell for serious money