CRK 0.00% 26.5¢ carrick gold limited

valuations

  1. 2,472 Posts.
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    Interesting to read the latest update report put out.

    Based on 4moz: they value the company at $2.36 this equates to about $72/oz
    2 years ago the average in situ valuation for West Oz explorers was about $50 /oz. So they may be overstating the valuation model based on todays climate.

    The current market cap of $100mil suggests the value put on Carricks in ground resource is only $25/ oz
    If we have 5moz and the market cap stays at $100m then the value diminishes to $20/ oz

    So you can see from my rough figures that Carrick is well undervalued but needs to prove up as much of its indicated to measured. It would be interesting to check other explorers in ground valuation put on gold resources.

    rr

 
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