<YMC mkt cap>
I show 23.4 million shares or a little over US$9 million at 40.
<micro caps>
If this new POG level sticks there are still very compressed sub US 10 million market caps around in some fine names. Here's some I own in this class that are in various stages of exploration ( but typically constrained in a sub-300 environment because of capital challenges) that I feel (and others should also weigh in, all have web sites) either have or could have the makings of top quartile (under 160 cash costs: I've avoided the high cost situations, and don't think I'll ever go that route)deposits on a cost basis:
MNP has 45.7 out: @13 that's US$3.5 market cap (MC: I don't add dilution from warrants and options unless they are within 10% of stock price, if diluted is used add in cash to nWC), with about 1.25 net working cap (nWC: mostly 3rd quarter as I haven't gone through 4th updates yet)
IMR 19.2 out: @47 has US$5.5 MC, about a million in nWC
TNK 30.9 @ 46 has US$8.8 MC, about 0.4 nWC
MOY 26.9 out @ 45 has US$7.5 MC, about 2.0 nWC
BGI 25.0 out @ 30 has US$4.7 MC plus 884 deb, flat nWC. If you felt the ASL royalty was "in the mail" then use about 3.5 WC.
IP @ 32, even with the quick double still has US$6.3 MC, 0.5 nWC
GNG a promising grassroots play: 17.9 out @ 64 has 7.2 MC, US$1.5 nWC.
SLR: 23.4 out @70 is US10.2, US$5.0 nWC.
I need to update my NGT figures but I estimate a little over US$4 MC, couple hundred thousand cash, add back in their share PDG obligation to arrive at enterprise value but add in work still to be received from AAS. |
