At a significant discount to its peer group, Montego will be well capitalized and to increase it established silver resource and conduct its gold exploration.
Alexco Resource Corp.
Stock Price: $1.80(1)
Market Cap: $182,098,000(1)
Silver exploration in Canada. PEA completed and ready for development. 68MMoz Ag indicated
1. August 17, 2017. Converted to CAD from USD
2. AXU trades at 2.63x Market Cap/M&I Resource. Applying the same multiple to Monetgo’s 16.82MMoz Ag resource leads to a valuation of $44.72MM
Montego is located in the epicentre of past producing Taylor Mill & Mine in Nevada with resource of 16.82MMoz Ag.
Alexco, a silver exploration company, is located in Yukon with 68MMoz Ag and has a market capitalization exceeding $179MM.
Based on the current public market comparable of Alexco in, Montego has an implied valuation of $44.7MM(2) and trades at a significant discount.