Neues Interview:
https://seekingalpha.com/article/4680463-i-80-gold-trading-at-a-deep-discount-to-fair-value
ZitatSummary
In an area of the precious metals sector (developers) that's starved for capital and where sentiment remains despondent, i-80 Gold has been punished far worse than its producer peers. In fact, the recent pullback in the stock has left it trading at a market cap of just ~$400 million, a valuation that's barely half that of early-stage developers that have yet to even put out a resource like New Found Gold (NFGC) and Snowline Gold (OTCQB:SNWGF).
This is despite the fact that I believe i-80 Gold is on knocking on the door of having a ~20 million ounce gold-equivalent resource base, has the sector's top growth profile if it can execute successfully and has made so many discoveries that it's had to prioritize those which it's able to follow up on, with it recently more focused on conserving cash and drilling the highest priority ounces that are planned to be mined first given the capital starved environment.
Today, I think the market is unfairly punishing i-80 Gold relative to other developers given that it has a much lower capex path to build a ~400,000 ounce production profile and it has multiple interested JV partners at Ruby Hill. And while I could understand the significant discount to its estimated net asset value of ~$1.49 billion (currently trading at less than 0.30x P/NAV) and underperformance if it were trying to go it alone and had its back up against the wall from a financing standpoint, I don't see this as the case here anymore with multiple interested parties, a significant increase in cash flow generation at Granite Creek later this year, and the potential for a second cash flow generator (Ruby Hill Polymetallics) in 2026.
In summary, I see this extreme disconnect in the share price vs. the gold price as creating a buying opportunity with an estimated 180%+ upside to fair value (US$3.65), and I have recently increased my position further at US$1.25.
Habe mir heute hiervon eine Pos. gegönnt. Betrachte I-80 als charttechn. Gelegenheit (sehe ein
vollendetes EDT !)
Kurs hat A,B,C,D,E absolviert und dürfte hinauflaufen zum Dreiecksausbruch !
RENO, Nev., April 08, 2024 (GLOBE NEWSWIRE) -- i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) (“i-80” or the “Company”) is pleased to announce that it has entered into an agreement with National Bank Financial Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the “Underwriters”) under which the Underwriters have agreed to purchase, on a bought deal basis, 51,882,000 units of the Company (“Units”) at a price of C$1.65 per Unit for gross proceeds of C$85,605,300 (the “Offering”). Each Unit is comprised of one common share (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$2.15 for a period of 48 months following the closing of the Offering.
https://ceo.ca/@globenewswire/…ught-deal-public-offering
RENO, Nev., April 08, 2024 (GLOBE NEWSWIRE) -- i-80 Gold Corp. (TSX:IAU) (NYSE:IAUX) (“i-80” or the “Company”) is pleased to announce that it has entered into an agreement with National Bank Financial Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the “Underwriters”) under which the Underwriters have agreed to purchase, on a bought deal basis, 51,882,000 units of the Company (“Units”) at a price of C$1.65 per Unit for gross proceeds of C$85,605,300 (the “Offering”). Each Unit is comprised of one common share (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$2.15 for a period of 48 months following the closing of the Offering.
Scheint ähnlich wie bei LIO ein schlechter Deal für die Aktionäre zu sein, weshalb die Aktie so strak im Minus (ca. -15%) notiert.
Den Absturz heute halte ich für übertrieben. Bin soeben rein mit ca. 1,4 % vom Depot zu 1,20 USD. Früher und billiger konnte ich nicht wegen Enkeldienst. Aber auch so wird sichs lohnen, denke ich.
Gruß! Fritz
RENO, Nev., April 15, 2024 /PRNewswire/ - i-80 GOLD CORP. (IAUX) ("i-80", or the "Company") is pleased to announce additional results from 2023 drilling in the Helen Zone that continues to realize significant high-grade results from the underground drilling program at the Company's 100%-owned McCoy-Cove Property ("Cove" or "the Property") located in Lander County, Nevada.
The new results are from the 2023 underground drilling program to define the Helen Zone, the first horizon expected to be accessed at the Cove Mine. The most recently received results from the Helen Zone compliment recently released intercepts that returned up to 22.6 g/t Au over 19.1 m in hole iCHU23-37, 32.9 g/t Au over 14.9 m in hole iCHU23-38 and 23.5 g/t Au over 12.8 m in hole iCHU23-39 (see Company Press Release dated March 5, 2024). Three of the new holes were drilled to only intersect the Upper Helen mineralized horizon that typically contains thinner mineralized zones when compared to the Lower Helen. A complete summary of new results is provided in Table 1.
Highlight new results from drilling at McCoy-Cove include:
i-80 Gold Releases High-Grade Results from Underground Drilling at Granite Creek
Highlight results from the most recent seven new underground drill holes testing the South Pacific Zone at Granite Creek include:
GCPU23-33: 17.7 g/t Au over 7.0 m
GCPU23-45A: 27.2 g/t Au over 4.0 m
GCPU24-01: 18.1 g/t Au over 14.4 m
GCPU24-02: 22.0 g/t Au over 29.0 m
GCPU24-04: 11.0 g/t Au over 22.4 m
GCPU24-04: 60.5 g/t Au over 4.1 m
Chance oder hohes Risiko?
Habe IAU zuletzt deutlich aufgestockt.
Gruß, Jones
Joint Venture Update
The negotiation of definitive documentation related to the previously announced proposed joint venture of the Ruby Hill Property continues to advance. Metallurgical work completed to-date as part of the due diligence program related to this partnership has indicated recoveries similar to those achieved in the BCR work.
Die Aktie hat auf dem Papier echt mal einen guten Eindruck gemacht. Unzählige Kaitalerhöhungen und schlechtes Management haben die Aktie versenkt. Hier kann man echt nur hoffen, dass jemand die Bude übernimmt und das Management austauscht.
I 80 ist so saubillig. Es ist nur noch ein witz.
I 80 ist so saubillig. Es ist nur noch ein witz.
Die Aktie kommt auch heute unter die Räder. Ansich sind die Projekte von I80 ja nicht schlecht und Ressourcen sind genügend vorhanden. Leider hat das Management bis dato nichts zustande gebracht außer massiv Geld zu verbrennen. Zuviele Projekte wurden gleichzeitig vorangetrieben, aber halt nichts zu Ende gebracht. Vermutlich waren sie ein wenig zu überheblich und sahen die JV Partner reihenweise anklopfen. Ich bin gespannt wo sich der Kurs fängt und stehe bereit für einen Zock. Die Krönung wäre es, wenn sie demnächst eine Kapitalerhöhung ankündigen.
