Dec. 26 at 9:14 PM
$BLAGF our Youtube starts with Mike White of IBK Capital who Funded Blue Lagoon. https://youtu.be/3m5oe2D8R_o?t=2056 Our model argues for
$1.5 per share in late 2026 based on forecast cash flows of
$30 million. Mike explains his gold in the ground valuation methodology.
$85/ounce to
$150/ounce for stand alone projects.
$200-300/ounce with operating companies, like Blue Lagoon, in 2026.
If drilling results point toward a resource that is higher than the 1mm ounces, generally believed, and 225,000 measured and inferred, the the shares could start moving rapidly eg
$3/share or
$4/share up from 50 cents today! In fact 5mm suggests a 1.5 bn Mkt cap.
George Billman, independent analyst, says the company will benefit from the growing mining cash flows, growing resource, and the rising price of gold.
What drew me to Blue Lagoon is Quinton Hennigh PhD of Crescat who said in a 2022 DeepDive that this type of alkaline quartz formation can be district scale and similar to Buritica 10mm oz Pergora 30mm oz.
