PGO 4.76% 8.8¢ pacgold limited

Ann: PGO INTERSECTS BROAD ZONES OF GOLD MINERALISATION, page-28

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  1. 314 Posts.
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    Hi folks

    @snakepitt - I had a stab at this with PGO earlier in the year when the EV was $55M. If we say the market cap is now 35M and you minus around 4 million for cash on hand, then the rough Enterprise Value is 31M.

    The current JORC is 1.45 moz so the cost of each OZ is $28. The average for Oz gold producers is around $120 Oz. I have found a figure for WPG in 2016 which was around $28-30 per oz but not sure how other small near term producers might compare. Still need to fund capex and start up but that is a very good figure IMHO.

    cheers

    ece
 
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