You say my MC/oz estimates are wrong for KCN because I included reserves and resources. Do you realise the $100/oz for atv included both reserves and resources also?
Wackoo you say $35mill for Ch and $50 for Touquoy. This gives MC/oz valuations of $63/oz for the CH resource and $183/oz for the Touquoy reserve. And these estimates you say are "super conservative greedy". So when comparing they should be doubled to remove the "super conservative greedy" discount allowing comparison to other gold assets trading at correct not "super conservative greedy" valuations.
Am I following you right wackoo? "super greedy conservative" valuations are used to ensure you get a bargain and pay only half of the true value.
So $126/oz and $366/oz should be the value according to you to compare to other goldies.
A big mistake you made was to not compare your estimates to other companies, below I have done this for you.
I took the charts below from the KCN investor report from august this year. The top chart vertical axis should read 500 and 1000 not 10 and 20.
atv doesnt even own the land it intends to mine yet, atv does know how it will finance the project, atv is still years from developing its first gold mine. Even with all these value destroying facts atvs projects are some of the most valuable on the asx. hmmmmmmm maybe, just maybe $170 mill is a ridiculous valuation.
Are you now willing to acknowledge your errors?
ATV Price at posting:
4.0¢ Sentiment: LT Buy Disclosure: Held
