Sometimes you just have to pick up the easy bags
Here we have a junior exploring and developing an oxide gold deposit in the 3rd best mining state in the US
The value here is completely skewed compared to what they have to date
Let me show you
/1
Here we have a junior exploring and developing an oxide gold deposit in the 3rd best mining state in the US
The value here is completely skewed compared to what they have to date
Let me show you
/1
GMV Minerals has a 100% interest in the Mexican Hat deposit in mining friendly Arizona, USA
$GMV.V
@GMVMinerals
The project has road access, power and water
Excellent rocks for a high margin heap leach operation, with recoveries of up to 95%
/2
$GMV.V
@GMVMinerals
The project has road access, power and water
Excellent rocks for a high margin heap leach operation, with recoveries of up to 95%
/2
The Mexican Hat PEA shows the valuation skew as the project's NPV is 18 times the current enterprise value
At the current gold price, the after tax NPV of the project is $144M, rising to $238M once gold revisits its high
GMV Minerals EV currently: $8M...
/3
At the current gold price, the after tax NPV of the project is $144M, rising to $238M once gold revisits its high
GMV Minerals EV currently: $8M...
/3
The project has a mine life of 10y, producing on average 52,500oz/year from 2 open pits
Grade is 0.58g/t which is great for heap leach
Low strip ratio of 1.87/1 improving costs
CAPEX $67M incl $12M contingency
cash cost of $951/oz
Very good numbers
/4
Grade is 0.58g/t which is great for heap leach
Low strip ratio of 1.87/1 improving costs
CAPEX $67M incl $12M contingency
cash cost of $951/oz
Very good numbers
/4
As with many 'boring' juniors, this one has been drifting lower this year
At the same time, management has been scooping up shares all year round...
...picking up the easy bags
Times are looking up for GMV, as these misvaluations quickly disappear once the bull gets going
/5
At the same time, management has been scooping up shares all year round...
...picking up the easy bags
Times are looking up for GMV, as these misvaluations quickly disappear once the bull gets going
/5
As with all tightly held stocks, this rerate can be very quick
The 7 largest shareholders own 58%, managmnt 20%, leaving only 22% for retail
The stock doubled since Nov. on zero news at elevated volumes
Lots more where that came from
You either have a seat or you don't
/end
The 7 largest shareholders own 58%, managmnt 20%, leaving only 22% for retail
The stock doubled since Nov. on zero news at elevated volumes
Lots more where that came from
You either have a seat or you don't
/end
Loading suggestions...