GoldNerds Professional Spreadsheet
The Professional Spreadsheet includes everything on the Standard spreadsheet, as well as: cash, debt, options, listed investments, hedgebook, other financial assets, enterprise value (EV), net financial assets indicator, outstanding construction, on-going cpaital costs of production, total cost of ownership (TCO) (with and without on-going capex, and with or without adjustments for country risk), dividends and dividend yield, and the margin leverage rates from Australia's two biggest margin lenders.
The EV takes into account the cash and debt position of each company, and is a better estimate than the market cap of the current value the market is putting on the physical assets of a company. For most companies the EV and market cap are roughly the same, but it can be very useful to know when they are not (espeically when EV is low or even negative, which happens!). This package is designed for professional investors who want more financial depth before they narrow down their search.
The Professional Spreadsheet includes
|Company Code||Market Cap||EV-per-resource-oz|
|Company Name|| Enterprise Value (EV)
|Shares on Issue||Resources||TCO (total cost of ownership)|
||GoldNerds Potential||Production (current & planned)|
|Option Cost||Mineable Gold||Cash Costs (current & planned)|
|Status (E, D, P)||Market-cap-per-mineable-oz||Dividend yield|
|Sovereign Risk||Historic share price||Score|
||Margin Lender's LVRs
As per the Standard Spreadsheet, plus...
Slice and Dice the data
Sort, score, filter numbers, and view comments. They're described in more detail on the Toolbox page.
|Click on the camera|
6 months $279
12 months $449
1. Market-cap-per-ounce (or EV-per-ounce)
The three EV-per-gold-ounce columns (per resource, reserve, or mineable ounce) are useful for comparing what it would theoretically cost to buy a share in a company as a proxy for owning an ounce of gold. Owning gold 'underground' is usually far cheaper than buying an ounce at the mint. That reflects the risks involved: how sure are you that the gold is there (is it a reserve, a resource, or a guess?), what will it cost to get the gold out of the ground, and how much is an ounce of gold worth to me if it's in Mali (how 'safe' is it?), will management go bust? The EV-per-reserve-ounce is more expensive than 'per-resource-ounce' because there is more certainty in it. The EV-per-Mineable-Oz takes "Gold Potential" into account, unless you adjust that in the customisation page.