Weekly Metals & Mining Comp Table

Research evidence excerpt

Weekly Metals & Mining Comp Table

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dispute; environmental risk; title risk; litigation risk; surface rights risk; and staffing and key personnel retention risks.

Our target price is subject to political, technical, forecast, and financial risks. These risks include, but are not limited to, risks related to

G Mining Ventures gold and fuel prices; the governing fiscal and legislative regimes; the timing of key developments; market conditions; capital and

Our target price is based on a 1.5x multiple

(C$) 65.00 BUY operating costs; foreign exchange rates; resources; operating parameters; permitting; environmental concerns; Indigenous people's

to our 5% NAV.

GMIN-T claims; and staffing and retention of key personnel. A unique risk to G Mining Ventures is its non-arm’s length Master Services Agreement

with G Mining Services and represents a potential conflict of interest with the Gignac family owning GMS. Three strategic shareholders

hold a total of approximately one third of the outstanding shares. These shareholders may exert significant influence and be a potential

The key risks to our target price include: gold, copper, silver, fuel, and power price risks; financial risks, including risks to the cost and

Our target price is based on a 1.0x multiple availability of financing; foreign exchange risks; forecast risks including capital and operating costs, risks related to deposit size, grade,

K92 Mining

to our 5% NAV (weighted 60%) and a 5.0x and mineability, and risks relating to production levels, metallurgical recoveries, and smelter terms; market risks; technical risks,

(C$) 33.00 BUY

multiple to our 2026E EBITDA estimate infrastructure risks, including availability of power and its reliability; transportation risk; political risks, including permitting risk;

KNT-T