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Gold Stocks Information and Comparison

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JTLP said:
Intriguing...

Can anybody explain to me why most of the goldies (producers mainly) took a sharp turn up at the end of the day with increased volume?

Any scary news out there?

JTLP
Click to expand...

Sharp turn up? Well the gold price jumped to 957US at the end of the day. Gold has been doing exceptionally well. Sad I missed the boat on it - was a sceptic on the inflationary scenario however its looking like gold may win atm.
 
JTLP said:
Intriguing...

Can anybody explain to me why most of the goldies (producers mainly) took a sharp turn up at the end of the day with increased volume?

Any scary news out there?

JTLP
Click to expand...

Gold up sharply in the HK time zone, and that's unusual...apparently the Japanese are
buying, DOW tipped to fall tonight so POG should continue the climb up...New Australian
dollar record high today.

Noticed tonight that the explorers with proven reserves have started to move up as well.
 
Didn't know where to put this but thought here might just as well do.

As an indication of what your current small producer might be worth (generally) Gammon has just taken Capital Gold in Canada, valuing Capital at $168m Canadian.

From what I can find they only have 830,000 oz au as probable and proven. At only .6 g/t.




Gammon Gold snaps up junior gold producer Capital Gold Corp in all share deal
by Ian Mclelland

Shares in Gammon Gold (TSX: GAM, NYSE: GRS) slipped 7.5% in trading after the company announced that it had entered into an agreement to acquire junior gold producer, Capital Gold Corporation (TSX: CGC) in an all share deal. Shares in Capital Gold climbed 7.5%, valuing the company at approximately C$168 million. Gammon Gold’s market capitalization is currently C$1.15 billion.

Gammon Gold is offering 0.1028 shares for each Capital Gold share, which represents a 29% premium to Capital Gold shareholders based on the 10 day volume weighted average trading prices of Gammon Gold and Capital Gold up to the 11th March, 2009.

Capital Gold’s COO, John Brownlie, will join the board of Gammon Gold.

Capital Gold is a one asset company, having successfully moved the El Chanate Gold Mine in Mexico into production in June 2007. El Chanate is a small, low cost open pit heap leach gold mine which produced 24,690 ounces in the six month to January 31, 2009.

Gammon Gold operates two gold mines in Mexico which were expected to produce between 250,000 and 265,000 gold equivalent ounces in 2008.
 
The takeover of DIO by AVO gives us another route in trying to assess what a small producer / developer is worth.

$49m for about 2m oz au, good grades, but scattered about.

So, it's about $25 an ounce. Hmm, that seems pretty cheap doesn't it?

 
Another clue to the current value of an ounce of gold to a company is the sale of Martabe for $295m.

Resources for Martabe are:

48.8Mt @ 1.8 g/t Indicated and 89.5Mt @ 1.1 g/t Inferred for 5.93m oz au.

295 / 5.93 = $49.7 an ounce.

That's twice as much as what DIO has just gone for. Interesting.

So, pick a gold stock that could be a takeover target and put a value of somewhere between $25 and $50 an ounce on it's resources for an approximate takeover market cap and share price. Pretty broad, lots of other factors, but a general indication.

Lets use 3 simple examples of stocks I follow all in W Africa with similar grades:

AZM 750K oz au = $18.75 - $28m / shares on issue (94m) = .19 - .29c (currently .09)
GRY 800k oz au = $20 - $40m / shares on issue (115m) = .17 - .34c (currently .24)
PRU 5.7m oz au = $142 - $285m / shares on issue (206m) = .68 - 1.38 (currently .91)

Hm, makes AZM look cheap, and the other 2 mid range.

Might add this to the spreadsheet to test them all out.

Or is this a worthless exercise?

(hold AZM and PRU)
 

Makes SBS worth 25+ mill at $25 an ounce...think its fair to say the Chinese payed
way to much for Martabe...ive never looked at the deposit.
 
Looks like SGX is going to be taken over which will give us another guage at what a company is worth for a takeover in the present climate.

Obviously not completely apples and apples with any company, especially this being in China, but a guide.

Current rsources of about 8m oz au at various grades average around 5g/t.

Current MC is about $1.75b, but there will have to be a premium of some sort. Lets just say it's at the current MC.

8m into 1.75b gives a value of over $200 an ounce. HUH?

Must have some quality assets and upside...
 
hi kennas-at 5.97 a share in your opinion does that make oceana gold look pretty good as rar as their earnings for the year to date?
 
roysolder said:
hi kennas-at 5.97 a share in your opinion does that make oceana gold look pretty good as rar as their earnings for the year to date?
Click to expand...
I don't really know OGC that well will have a look. But comparing SGXs share price to OGCs earnings isn't how I would compare them. You need to compare both earnings to earnings, ounces, grades market caps, types of deposits, depths country risk etc etc...

SGX is being taken by Eldorado for over $2b Aus.

8m ounces for over $2b. Why can't someone make an offer like tha for one of my gold stocks? I'll take $200 an ounce.

That looks quite a good deal for SGX to me.

LONDON (MarketWatch) -- Eldorado Gold Corp. /quotes/comstock/11t!eld (CA:ELD 11.30, -0.66, -5.52%) /quotes/comstock/14*!ego/quotes/nls/ego (EGO 10.33, -0.69, -6.26%) said Wednesday it's agreed to acquire Australia's Sino Gold Mining /quotes/comstock/22x!e:sgx (AU:SGX 5.97, +0.05, +0.84%) in an all stock deal valued at 2.2 billion Australian dollars ($1.8 billion). Sino Gold directors unanimously recommended the deal, under which investors will receive 0.55 Eldorado share for every Sino Gold share they hold. The deal represents a 21.3% premium to the closing price on Tuesday. Eldorado said the deal would created a firm with a market capitalization of roughly 6.4 billion Canadian dollars ($5.9 billion) and would be the leader among international gold producers in China. It added it will seek an Australian listing for Eldorado shares
 
I've been updating my Gold stock comparison table and here it is.

Fewer comments than before, just sticking to the minimum.

Have added in EV to Oz Au comparison and a filter so you can sort alphabetical, by EV, resource base, or EV to Oz au, etc.

If you have more updated information on a stock then please feel free to provide. Not all information here will be correct.

If you have a goldie you would like to include please provide as a minimum:

Code
Shares and options on issue
Debt
Cash
JORC resources

Cheers,

kennas
 

Attachments

  • Gold stock comparison.xls
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Hey Kennas...ill give u some details on the goldie's i hold.

  • Code: EVG
  • Shares/options: 306,906,325 shares 150.000.000 options coming soon
  • Grade: (Las Lagunas) Indicated JORC Gold 3.74g/t - Silver 38.62g/t
  • Debt: 40 mill (US)
  • Cash: not much
  • JORC Resources: (Las Lagunas) 621,000 ounces Gold and 6,380,000 ounces of silver
  • In production early 2011

-----------

  • Code: MDL
  • Shares: 563,375,950
  • Grade: 2.1g/t gold
  • Debt: 0 some hedging
  • Cash: 9 mill
  • JORC Resources: 3.51 million ounces Gold
  • 2009 (cash) cost per ounce US$420-440.
 
kennas said:
Thanks, added.

How is EVG going into production so soon when they don't even have 1m oz?

Is MDL producing?
Click to expand...

MDL have been in production for a few months now, all going according to plan and have produced over 3 tonnes so far.

http://www.mineraldeposits.com.au/user/files//Announcements/2009/090105MDL.pdf

EVG are almost fully funded (Las Lagunas) and are at a pretty advanced stage of development, The Las Lagunas Project is a tailing's project so its a pretty simple, low cost operation, 600,000 ounces of gold and 6 mill of silver is still alot of money just sitting there at surface.

http://www.envirogold.com/pdf/Update on progress LLGTP.pdf
 
Thanks SC,

I've updated the speadsheet with an automatic update formula attached to the share price, so if you have the add on downloaded from ninemsn your chart will update automatically, price delayed 20mins or so.

Thanks to Wrong'un in the IO comparison thread.

Personally, I'm looking closely at anything under $30 an ounce as something 'undervalued' for a trade. Just need to drill down into them and find out why and if there's no real obvious reason ....
 

Attachments

  • Gold stock comparison.xls
    34.5 KB · Views: 75
Whats happened to the gold index XGD ??
Commsec stopped listing it 19/8/09
S&P website lists S&P/ASX All Ordinaries Gold as being ASXG
But where do we find data or a chart on it??
 
Hey Kennas

How do we get the ninemsn add on? without it the spreadsheet errors.

=MSNStockQuote.Functions.MSNStockQuote($B16,"Last price","AU")

Also, RMS is missing from your chart. Its worthwhile including as it is producing, has some involvement in the Eastern Goldfields region, and has a big stake in DIO now alongside AVO (neither resulting in a controlling interest - this should be updated in your spreadsheet also).

I think there will be some consolidation between DIO, RMS, IGR and AVO - perhaps with the latter ultimately absorbing / taking over the other 3 resulting in a single large player in that area. Makes sense from an economies of scale perspective and to realise synergies, and I think AVO is already progressing down this strategy.

The only problem is that AVO is a bit short on cash at the moment. Probably wont matter for a scrip bid though.
 
Kennas - Provide what information I could for KGL, strong mover this year from 0.03 to .165 today regarding their tenements in Kyrgyzstan.

Code: KGL
Shares: 156,682,573 shares and not sure of options, looks like 147,893
Grade: At Andash estimated JORC 540,000 oz au @ 1.1g/t & 63,000t copper
Debt: not much, few hundred $s
Cash: Not much at 30/6, since raised $1m then another $3m inc in shares above.

In production early 2011 at Andash re above at 60,000 oz au and 5,000t copper and supposedly from 2010 10,000 oz p.a. at Savoyardy deposit, still being measured and adjacent to Majestic Resources 1.5mill oz mine on other side of the border in China.

Comments: will cost them $US15m to purchase 80% of Andash, approval recently received from govt. Macquarie Bank to the necesary funds and they are largest s/h at 10%.

Let me know if you wish me to track down any other information you require and it is as accurate as I could manage, pls DYOR. Tomorrow will try get time to fossick data for another runner bolter EKM.
 
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