CH has an estimated 550,000 ounces of au. Wackoo claims a conservative valuation is $35mill. This works out to a whooping $64/oz.
A slab of land which has not been proven, absolutely no DFS and no plans whatsoever to mine it for 7 years. $64/oz is a massive overvaluation.
Wackoos valuation of atvs share in Touquoy works out to be $180 per oz. Average them to get over $100 for every insitu ounce.
Now if we remove wackoos "super conservative greedy discount" we are looking at over $200/oz.
Compare this to NCM $350 or so per reserve ounce.
Compare to AQG, another producer, $100 or so per reserve ounce or $20 per reserve+resource oz.
And KCN is valued at around $117/oz (exluding silver, i.e. it is really even cheaper).
These comparisons are actually overestimates as we should be looking at enterprise value not market cap.
Your $100 per insitu ounce valuation does not fool me Wackoo, keep trying buddy.
The market values atv at around $30 per in ground ounce, seems like a more reasonable valuation given how the massively risk reduced producers are priced.
ATV Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held