The table below was constructed by doing my own research. There is no guarantee that these calculations are 100% correct, but I did the best I could to complete this evaluation.
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Reserves |
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Stock Priced |
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Canadian |
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Measured |
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At "X" Times |
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Stock |
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Price Per |
Shares |
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Market |
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Indicated |
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Reserves In |
| Company Name |
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Symbol |
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Share |
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Outstanding |
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Capitalization |
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The Ground |
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| Victoria Gold |
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V.VIT |
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0.34
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195,000,000 |
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66,300,000 |
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4,900,000 |
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13.531 |
| Rainy River Resources Ltd. |
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V.RR |
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1.93 |
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57,034,000 |
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110,075,620 |
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4,000,000 |
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27.52 |
| US Gold |
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T.UXG |
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3.06 |
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80,570,000 |
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246,544,200 |
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3,820,000 |
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64.54 |
| Romarco Minerals Inc. |
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V.R |
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0.86 |
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273,510,000 |
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235,218,600 |
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3,260,000 |
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72.15 |
| Ventana Gold Corp. |
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T.VEN |
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4.86 |
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68,580,000 |
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333,298,800 |
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4,000,000 |
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83.32 |
| Seabridge Gold |
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T.SEA |
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30.9 |
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37,400,000 |
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1,155,660,000 |
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28,616,000 |
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40.39 |
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Average |
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50.242 |
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| Some Adjustments for Gold Reserves Were Increased to Account for the Value of Silver Reserves. |
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| Note: Differences in Valuation may reflect the type of reserves (measured vs. Indicated, etc), |
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| potential for added reserves, and how soon companies may go into production. |
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| Stocks selected for comparison came from Robert McEwen's Junior Gold Index |
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| Based on these comparisons in valuation, VIT is selling for less than 1/3 the average valuation. |
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