More low volatility?
$GVZ : Low Volatility Begets…
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$ALO : Alio Gold – Independent Economic Analysis
Updated, 8 January 2020 Long-Term Price Case $1,700/oz. Project Florida Canyon Mineral Reserves 1 Mozs. Shares Outstanding 84,700,000 Market Cap $65,219,000 Average Annual Production 85,000 ozs.* Recovery 71% LoM 9.8 Years Payable Product 734,200 ozs. True All-in Cost (TAIC) $1,283/oz. Gross Revenue $1,248,140,000 Royalty ($57,414,440) Refining Charges ($3,369,978) Gross Income $1,187,355,582 Total Operating Costs ($662,900,000) Operating Profit $524,455,582 Income Taxes ($136,358,451) Total Capital Costs ($81,900,000) Net Income $306,197,131 Net Profit Margin 25% Absolute Cost Structure (ACS) 75% Total True Value $3.62/sh. Cash Flow Multiple 5x Average Net Annual Cash Flow $35,445,000 Future Market Cap $177,225,000 Future Market Cap Growth 172%…
RNC Minerals: Nickel Pure-Play in the Making
RNC Minerals’ fully-permitted, shovel-ready, mammoth 9.75 Billion lb. Dumont Nickel Project (Projected AAP = 90 Mlbs) is one of our favorites and we have been taking advantage of market weakness to accumulate shares. We think the assumptions utilized in the development of the Project’s PFS are sufficiently conservative for a mine with a projected lifespan > 30 yrs. Let’s move on to the numbers… Flagship Property: Dumont = 50% Ownership (JV with Waterton Global Resource Management) … -1 Point Resource Base = 9.75 Billion lbs. Ni … 1 Point Nickel Price at the Time of Writing = $6.92/lb. … Unrated Long-term Nickel Price =…