Spoke to management and a new corporate website &
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Posted On: 11/05/2020 12:51:29 PM
Spoke to management and a new corporate website & presentation will be out shortly. This can help clarify the assets that New Dimension Resources owns. For a $11 million market cap company, if you compare it’s value to other gold/metal exploration companies, you’ll see how severely undervalued it is.
Based on the most recent news and interview with CEO Eric Roth:
- - $3 million CAD in cash
- - (Savant Lake) - 2 million shares of ECC.V with cash (this has to be repeated for a few years, plus work commitments, 8 million shares total plus cash). ECC trades in the mid 20 cent range.
- - (2 sold Argentina Assets) - 2.25 million shares of Cerrado Gold (Will trade around $0.50 based on news from their capital pool (BBA.P BB1 Acquisition Corp)
- -Yamana joint venture with a very advanced, high grade gold project, 30% interest
- -100% interest in 3 Scandinavian gold/metal projects that are next to old mines, meaning there is already work done, giving a higher chance of success. All 3 to be worked on.
- -$800K work commitment / cash payment from AGLD.C for 80% of an Argentina asset, still retaining 20% which can be bought for $2.3 million
So when you add up all the value and potential, New Dimension Resources should take at least double it’s current market cap before any results are even in. Cash equivalent value from ECC/Cerrado shares, plus what AGLD paid and money raised, is easily more than half of the current market cap.
Here is some additional information to look at:
From Yamana this week in their MD&A and new company presentation: Recently signed an exploration agreement with the Bunibonibee Cree Nation. Planning is underway to guide the consultation process for an initial field program in Q4 and an aggressive exploration effort in 2021
Link: https://s22.q4cdn.com/899716706/files/2020110...-FINAL.pdf
Ethos recent company presentation that talks about Savant Lake: https://ethosgold.com/wp-content/uploads/2020...r-2020.pdf
AGLD website (does not have an update presentation, but talks about the company): https://www.australgold.com/
Based on the most recent news and interview with CEO Eric Roth:
- - $3 million CAD in cash
- - (Savant Lake) - 2 million shares of ECC.V with cash (this has to be repeated for a few years, plus work commitments, 8 million shares total plus cash). ECC trades in the mid 20 cent range.
- - (2 sold Argentina Assets) - 2.25 million shares of Cerrado Gold (Will trade around $0.50 based on news from their capital pool (BBA.P BB1 Acquisition Corp)
- -Yamana joint venture with a very advanced, high grade gold project, 30% interest
- -100% interest in 3 Scandinavian gold/metal projects that are next to old mines, meaning there is already work done, giving a higher chance of success. All 3 to be worked on.
- -$800K work commitment / cash payment from AGLD.C for 80% of an Argentina asset, still retaining 20% which can be bought for $2.3 million
So when you add up all the value and potential, New Dimension Resources should take at least double it’s current market cap before any results are even in. Cash equivalent value from ECC/Cerrado shares, plus what AGLD paid and money raised, is easily more than half of the current market cap.
Here is some additional information to look at:
From Yamana this week in their MD&A and new company presentation: Recently signed an exploration agreement with the Bunibonibee Cree Nation. Planning is underway to guide the consultation process for an initial field program in Q4 and an aggressive exploration effort in 2021
Link: https://s22.q4cdn.com/899716706/files/2020110...-FINAL.pdf
Ethos recent company presentation that talks about Savant Lake: https://ethosgold.com/wp-content/uploads/2020...r-2020.pdf
AGLD website (does not have an update presentation, but talks about the company): https://www.australgold.com/
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