When it comes to Camarilla* Points, the waters have been muddied. For starters, Camarilla Points have been around a lot longer than is suspected. They weren’t invented in 1989 by a bond trader named Nick Scott. Nick Scott was a fake name inspired by F. Scott Fitzgerald’s character Nick Carraway, a Yale-educated bond salesman in The Great Gatsby. Was F. Scott Fitzgerald aware of Camarilla Points? Probably not, but they certainly were being utilized by bond traders in 1925. Why have the waters been muddied? In their original form, Camarilla Points work — on stocks, bonds and commodities — and…
Long-Term Price Case $1,700/oz. Au Flagship Project Kilgore Ownership 100% (Royalty-Free) Indicated Resource 825K ozs. Shares Outstanding 175M Market Cap $12,057,500 Average Annual Production 111,700 ozs. Recovery Crush: 82%/ROM: 50% Payable Product 558,700 ozs. LoM 5 Years True All-in Costs (TAIC) $1,239/oz. Gross Revenue $949,790,000 Total Operating Costs ($435,570,000) Operating Cash Flow (EBITDA) $514,220,000 Income Taxes ($159,408,200) Total Capital Costs ($97,460,000) Net Income $257,351,800 Net Profit Margin 27% Absolute Cost Structure (ACS) 73% MTQ Score (Higher is Better) 0.4 True Value $1.47/sh. True Value Discount (TVD) 95% Cash Flow Multiple 5x Average Net Annual Cash Flow $51,493,700 Future Market Cap…