| Long-Term Price Cases | $1,700 oz. Au |
| Shares Outstanding | 187,111,857 |
| Market Cap | 99,169,284 |
| Project | Livengood Gold Project |
| Ownership | 100% |
| Reserves | 9M ozs. Au |
| Average Annual Production | 294,100 ozs. |
| Recovery | 75.3% |
| Payable Gold | 6,763,900 ozs. |
| LoM | 23 Years |
| True All-in Costs (TAIC) | $1,412/oz. |
| Gross Revenue | $11,498,630,000 |
| Royalty | ($344,958,900) |
| Total Operating Costs | ($4,586,129,395) |
| Operating Profit (EBITDA) | $6,567,541,705 |
| Income Taxes | ($1,773,236,260) |
| Total Capital Costs | ($2,847,000,000) |
| Net Income | $1,947,305,445 |
| Net Profit Margin | 17% |
| Absolute Cost Structure (ACS) | 83% |
| MTQ Score (Higher is Better) | 0.2 |
| True Value | $10.41/sh. |
| Cash Flow Multiple | 5x |
| Average Net Annual Cash Flow | $84,700,000 |
| Future Market Cap | $423,504,000 |
| Future Market Cap Growth | 327% |
| Target | $2.26/sh. |
Notes: All Values in U.S. Dollars
Net Profit Margin is slim and Absolute Cost Structure is bad but scale works nonetheless for Tower Hill Mines, a fact that hasn’t gone unnoticed by the likes of John Paulson and Electrum. We became shareholders on 31 December 2019.
