GoldMining Inc. Valuation if Gold Reaches $4,000/oz
Key Inputs:
- Gold Resources: 18M oz
- Gold Price: $4,000/oz
- Valuation per oz: $100–$200/oz (industry average for gold in the ground)
- Other Assets:
- Equity Stakes: $140M (Gold Royalty + US Gold Mining)
- Cash: $160M
- Shares Outstanding: 100M (approx.)
Step 1: Valuation of Gold Resources
- Conservative: 18M oz x $100/oz = $1.8B
- Optimistic: 18M oz x $200/oz = $3.6B
Step 2: Add Other Assets
- Total Other Assets = $140M (equity stakes) + $160M (cash) = $300M
Step 3: Total Valuation
- Conservative: $1.8B (gold) + $300M (assets) = $2.1B
- Optimistic: $3.6B (gold) + $300M (assets) = $3.9B
Step 4: Stock Price Estimate
- Conservative: $2.1B / 100M shares = $21/share
- Optimistic: $3.9B / 100M shares = $39/share
Conclusion:
At $4,000 gold, GoldMining Inc.’s stock price could range from $21 to $39/share depending on market valuation of their resources and assets.
Key Considerations:
- Current market cap of $179M reflects skepticism about management execution.
- Potential upside depends on advancing projects or monetizing assets.
- Risks include dilution and lack of clear strategy.
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Disclaimer
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