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Hi J.S., you can subscribe on the right side of this page. Thanks for your comment!

ReplyA very interesting subject. Thank for sharing your knowledge and looking forward to the next one.

Reply[…] Download free gold mine valuation model here. […]

Reply[…] in valuing a mine, because it’s true – a mine is a mine. In other words, now that you know how to value a gold mine from the previous post, valuing a base metal mine should be easy because the steps are essentially the […]

ReplyThanks DaRo. The links aren’t working right now. Send me an email and I can send it to you. Email is: microcap [dot] co [at] gmail [dot] com. Cheers!

ReplyCould you please email me the valuation model, the link isn’t working. Thank you in advance!

ReplyThanks Frederick. The links aren’t working right now. Send me an email and I can send it to you. Email is: microcap [dot] co [at] gmail [dot] com. Cheers!

ReplyThank you for this very interesting article. I would like to have a look at the Valuation model but the mailing list seems to have been deactivated. Could you please help me get this model?

Thanks

Thanks Nicolas. The links aren’t working right now. Send me an email and I can send it to you. Email is: microcap [dot] co [at] gmail [dot] com. Cheers!

ReplyThis is a good article for professional geologist and the incoming valuation model will be great as well.

Thanks for sharing.

Hi Christian,

The link is now fixed. I hope you find the model useful. Thank you for your compliment. More valuation models are underway.

Thanks.

Hi Nicolas,

The link is now fixed. I hope you find the model helpful. More valuation models are underway so hope you subscribe and share with your friends and colleagues.

Thanks.

Great information, please be so kind and email me the free gold mine valuation model.

Thank you

ReplyThis is very insightful piece of paper although simplified a lot to make it straightforward. Like it and would you be kind to share the spreadsheet to my gmail inbox? Thank you in advance!

ReplyThanks Sean! Enter your email in the field above at the end of the article and the model will be on its way to your inbox!

ReplyVery informative article and model, which will save me a lot of time and energy in evaluating multiple mining companies within a short period of time.

Thanks.

Thanks Kunal! You can enter your email address in the field above in the Summary section and the model will be sent to your email. Good luck!

Replyvery interesting article, do you mind sending the sheet at gio_dalpra90@hotmail.it

ReplyThanks Giorgio! I’ve entered your email address in the field above and now it should be coming to your inbox.

ReplyEish …very richly written… I love it please email me the valuation model on how to value a gold mine… Real knowledge

ReplyHi Sipho,

Thank you for your comment! I’m glad you found it helpful. You can download it by entering your email address above in the field. It will send the model directly to your email. Cheers.

ReplyHi,

Many thanks for the valuation model.

I just wanted to check on the formula for Processing Costs. You’ve used the formula =H$7*H37*H10/31.1035

Should it just be (Ore Processed) * (Processing Cost Per Tonne) = $26.55mln rather than $2.4mln?

Also, should the Capex line with Initial, Sustaining and reclamation total to Total Capex Costs rather than Total Operating Costs?

All help is much appreciated.

ReplyHi Analyst,

GREAT catch. I am embarrassed that I made that error! I’ve added an edited comment for readers. And yes, it should be Total Capex Costs, not Total Operating Costs. I’m impressed that you went through the model in detail and caught these. If you’re interested in writing about mining valuation for this site, send me an email (contact info under disclaimer page). Thanks for your interest on this site and hopefully found it helpful. Cheers.

ReplyHi,

I have a question regarding the valuation (im new to this, so it might be a stupid question). I get that in general the juniorcompany NAV equals to Project NPV + net cash. But in the case of a junior miner you probably need to calculate the dilution (or future debt) to finance the Project CAPEX since very few juniors got the cash.

If so, should the valuation formula be Project NPV + Net cash – dilution (which would equal to CAPEX) ?

Thank you

Pelle Jons

ReplySorry about the late reply! If the debt hasn’t occurred yet, it’s probably best not to include in the calculation.

ReplyThanks a lot for this model. I was wondering why CapEx is subtracted prior to the tax expenses. Is CapEx for gold miners tax deductible?

Thanks!

ReplyYes, capex should be calculated through a depreciation table, and it should be tax deductible. Thanks for your comment!

ReplyThis is very informative. I have watched some YouTube videoes and this is the best I have found. For someone who is looking for something simple and yet effective, this was a great article. But, is there an excel template that you could share or sell?

Reply