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drbubb

Generative Exploration Co's: GZZ, LRA, RRI, etc

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pg4 : Abitibi / RZZ is running ahead of GZZ, & GZZ owns about 45%

RZZ.v, Gzz, Izz ... update / Last: $0.34, $12.75, $0.16 : R-2.76%, R-212%

Quote

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Update / GZZ website : http://www.goldenvalleymines.com/ : RZZ : MZZ : IZZ : SOI :

GZZ Ownership - MAR. 2019 Presentation : https://www.goldenvalleymines.com/investors/presentations/March-2019-Mtl.pdf
Sym.: Company --------- : C$price: -Low - High-- : ShOS : %Pct.: xGzzSh: MktCap: Mar.19 Presentation Value:
=== : 05/06/19 Prices :
GZZ : Golden Valley-- : $ 0.340 : $.215- $0.39 : 134.0 : 100.%: 134.0 : $45.6m : $48.2M :
RZZ : Abitibi Royalties: $12.75 : $7.98- $13.5 : 12.49 : 49.2%: 5.605 : $71.5m : $69.8M :
SOI : Sirios Resources: $ 0.165 : $0.12- $0.28 : 121.2 : 03.3%: 4.000 : $0.66m : $0.90M :
VZZ : Val d'Or Mining : $ 0.090 : $.075 - $0.13 : 33.19 : 24.6%: 13.19 : $1.19m : $0.80M :
IZZ. : Intl Pros. Vents. : $ 0.160 : $0.12- $0.38 : 25.13 : 16.6%: 4.471 : $0.72m : $0.80M :
================== > ------------------------------------------------------------------- : $74.1m : $72.2M :
OTHER Assets:
abt.3% NSR Chechoo: gold royalty: 3% at gold > $1,200- $2,400 ----- : $06.8 m? (20% SOI)
===
HISTORY: GZZ.v: shsOS: MktCap / NetAV /= MC/nav : %Disc : R:G/R: RZZ.v: Sh.OS : R.MCp: xGzz/owned = R.value :
08/28/17: 0.310 : 123.M: $38.0m / $54.8m /=  69.3% : -30.7% : 3.33%: $ 9.30: 11m.E=$102m x51.0%/5.605 = $52.2m
03/07/18: 0.265 : 130.M: $34.4m / $56.7m /=  60.7% : -39.3% : 2.79%: $ 9.64: 11.4m=$110m x49.2%/5.605 = $54.1m
12/31/18 : 0.240 : 133.M: $31.9m / $53mE /=  60.2% : -39.8% : 2.63%: $ 9.14: 12m.E=$110m: x46.7%/5.605 = $51.2m (nav+$2m)
05/13/18: 0.340 : 134.M: $45.6m / $74.1m /=  61.6% : -38.4% : 2.67%: $12.75 12.5m=$159m: x44.9%/5.605= $71.4m
————————

GZZ owned 51%, 5.6M shares of RZZ in 2015 : d#1 : m#2 :

RZZ-etc w/ GZZ.v ... from Beg. 2016 : May'18 :

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from Beg. 2016 : 

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Ratio: GZZ to-RZZ: 2.76%

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Ratio: Gzz to-Izz :

2xGEgZK.png

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Solving for the "Plug Figure" ... then, Replacing it w/100% > $13.00 Valuation for RZZ.v

FINANCIAL MODEL, for RZZ - suggests that RZZ is undervalued at under $10

Malarctic Area------- : NSR: P&P.Oz : Q4./'17 : Q2./18 : Q3./18 : Q4./'18 : use 100% & $1300
Barnet-E, Jeffrey----- : 3% : 0,128.K :
Ody.,E.Malar., B&J -- : 3% : 2,314.K :
---------> SubT: ========= : 2,442.K :
==================== : Gold Pr. : $1,309 : $1,255: $1,196 : $1,281 : $1,300 :
==================== : Gr.Value: $3.20B : $3.06B: $2.92B : $3.13B :
-------------------> Royalty------  : 3.00 %  : $96.0M: $91.8M: $87.6M: $93.8M: $93.8M :
-------------------> Guess Pct: 66.5%?  :  54.6% :  67.3% :  82.1% :  62.3% -> Plug Figure !
---------------------> Royalty.V.  : rising?  : $52.4M: $61.8M: $72.0M : $58.4M: $93.8M @ 100%
Share Investments:
Yamana -AUY, Price: ==== : ======= : $03.12 : $02.90 : $02.49 : $02.36 :
AUY shs outstanding === : ======= : 3350.M: 3350.M : 3350.M: 3350.M:
==================== : Mkt.Cap : $10.5M : $09.7M : $08.3M : $07.9M:
AgnicoE.-AEM, Price === : ======= :  $46.18 : $45.83  :  $34.20 : $40.40 :
AEM shs outstanding == : ======= : 379.0M : 379.0M : 379.0M : 379.0M:
==================== : Mkt.Cap : $17.5M : $17.4M : $13.0M : $15.3M:
==================== :Sh.MktCp $28.0M : $27.1M: $21.3M : $23.2M: $23.2M
==================== :US$.MkCp $80.4M : $88.9M: $93.3M : $81.6M: $117.M
==================== :USD.CAD- :  x1.257 :  x1.314 :  x1.291 :  x1.364 : x1.364:
==================== :CAD.MCp : 101.1M: 116.8M  : 120.5M: 111.3M: 159.6M:
==================== :C$-Cash- : $ 04.5M : $05.3M : $03.2M: $03.0E : $03.0E :
==================== :CAD.MCp.: 105.6M: 122.1M : 123.7M : 114.3M: $163.M:

Abitibi-RZZ, Price: ===== :======== : $ 09.26: $ 09.85:   $09.89 :  $ 9.14 : $13.00 :
RZZ shs outstanding == : ======== : 11.40M: 12.40M:  12.51M:  12.51M:
=================== : Mkt.Cap. $105.6M: 122.1M:  123.7M:  114.3M: $163.M:

Gold Estimated Production 3% NSR (2018-2020)
Year    Area*  Tons Mined  (g/t):Oz: M/mined Proc'd Recovered Stockp. Mx1300: /Qtr : Cum'l $ : x$1.300
2018-Q4 JF        907,662     0.70     20,304      12,123     10,826     8,181:  $26.4 M: 26.4 : $26.4M: C$34.3M
2019       JF     1,637,121     0.87     45,833      27,339     24,414   18,494:  $59.6 M: 14.9 : $86.0M: C$112.M
2020       BA       362,582     0.89     10,327        8,797       7,855      1,530:  $11.4 M: 26.4 : $97.4M: C$127.M
====

Solving for the "Plug Figure" in the above model shows...

A "plug" of 62.3% of the Expected future Royalty income yields the $9.14 year-end price for RZZ.
If you push the percentage up from 62.3% > 100%, then the expected market cap of RZZ
+ At 100% and $1300 Gold price -> $13.00 per share

RESULT: I bought more GZZ shares, as they own 44.8% of RZZ at a low price

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