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We are so undervalued and I will keep buying till something gives
Comparison for NPV and Share Prices for Diamond Companies
Estimate as we don’t know for sure
Name
Ticker Symbol
NPV of Project
Amount of Diamonds
Price of Diamonds
Value of Diamonds in Ground
Price per Share
# of Shares
Market Cap
% of Market Cap to Value in Ground
Kennedy Diamonds
Kelvin
KDI
0
13620000
$ 63.00
$ 858,060,000.00
Faraday
KDI
0
5020000
$ 98.00
$ 491,960,000.00
Total Value for Kennedy
18640000
$ 1,350,020,000.00
$ 3.05
51910000
$ 158,325,500.00
11.73%
Star Diamond
Star and Orion
DIAM
$1,600,000,000
66900000
$ 210.00
$ 14,049,000,000.00
$ 0.17
378280000
$ 64,307,600.00
0.46%
* Assume we have a NPV of $4.0 Billion for Star and Orion and we own 40% of that $4.0 billion = $1,600,000,000
Analysis Mountain Province paid $3.46 or 97.5% of a MPV share to get 18.64 Million carats at an average price of about $72.42 per carat. MPV paid $158 million dollars for this project!
Now what does Rio pay us for the 55-67 million carats at $210 US that we have in the ground? Well to compare apples of "IN THE GROUND ONLY" we should see 12% of the value in the ground. Well Star is at .46 or 1/2 of 1% of the Value in the ground.
Yes we have 100 Meters of overburden to contend with but they have isolation and have to fly staff in where our staff can live in Prince Albert and Melfort etc.
Yes it matters on what the cost is to get these diamonds out for sure but Rio will not walk away from this massive project. If you were MPV would you have rather had 60% of SGF or 100% of Kennady?
If we took shares in Rio Tinto at the same value that Kennady did we would see the following: To get to 11.73% of market cap to Value in the ground we would need a 10 times increase in share price. 11.73%/.46% = 25.5 * 40% AS WE ONLY OWN 40% =10.2
We could potentially take shares in Rio at 10.2 times the current price of Shore Gold if they wanted to issue us shares in Rio Tinto. $1.78 CDN would be the similar value that we get if we compared apples to apples.
Rio if they wanted to give us shares in Rio Tinto at the same % as MPV to KDI we would see $1.78 CDN per share of Star
Kennedy does not even have a FS done for their project but close to other mines in NWT!
Comparisons for MPV
Name
Ticker Symbol
NPV of Project
Amount of Diamonds
Price of Diamonds
Value of Diamonds in Ground
Price per Share
# of Shares
Market Cap
% of Market Cap to Value in Ground
% of Market Cap to NPV
Mountain Province
MPV
1005000000
53400000
$ 149.66
$ 7,991,844,000.00
$3.40
160250000
$ 544,850,000.00
6.82%
54.21%
Total Value for Kennedy
Star Diamond
Star and Orion
DIAM
$1,600,000,000
66900000
$ 210.00
$ 14,049,000,000.00
$ 0.17
378280000
$ 64,307,600.00
0.46%
4.02%
Analysis: Mountain Province owns 49% and Debums 51%. They have a NPV of $1.005 Billion as per the April 2, 2014 NR.
* Assume we have a NPV of $4.0 Billion for Star and Orion and we own 40% of that $4.0 billion = $1,600,000,000
MPV trades at 54% of its NPV and 6.82% of what is in the ground.
If Shore traded at what is in the ground in relation to MPV we would be at 15 times our current share price value *.40 = 6. Therefore we should be at about $1.02 per share.
Yes the mine is built and they are producing with Debeers.
However, this shows how bad our value in our shares is AGAIN.
Comparisons for SWY
Name
Ticker Symbol
NPV of Project
Amount of Diamonds
Price of Diamonds
Value of Diamonds in Ground
Price per Share
# of Shares
Market Cap
% of Market Cap to Value in Ground
% of Market Cap to NPV
Stornoway
SWY
672000000
18000000
$ 180.00
$ 3,240,000,000.00
$0.53
835260000
$ 442,687,800.00
13.66%
65.88%
Total Value for Kennedy
Star Diamond
Star and Orion
Sgf
$1,600,000,000
66900000
$ 210.00
$ 14,049,000,000.00
$ 0.17
378280000
$ 64,307,600.00
0.46%
4.02%
Analysis: Stornoway owns 100% of its project in Quebec. They had a NPV of $672 million as per FS
SWY trades at 66% of its NPV and 13.66% of whats in the ground.
If Shore traded at what is in the ground in relation to SWY we would be at 29 times *4 = 11.6 our current share price value. Therefore we should be at about $2.03 per share
Yes again the mine is built and they are producing
However, this shows how bad our value in our shares is AGAIN and we should be in the $1.02-$2.03 per share ranges on what we have.