Corvus Gold — Merger or Acquisition (December 2021)
10 slides from Corvus Gold's merger presentation, Dec 23, 2021
Slide 1: Forward-Looking Statements
Forward-Looking Statements Certain statements and information contained herein are not based on historical facts and constitute “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectiv
Slide 2: Levered Free Cash Flow & Capital Expenses
Levered Free Cash Flow & Capital Expenses
Slide 3: Management Model – Operating and Cash Flow Profiles used by BMO Capital Markets
· Assumes Street consensus commodity pricing with a long-term price of US$1,600 per ounce of gold and US$22.50 per ounce of silver, North Bullfrog production commences in 2024, Mother Lode production commences in 2027 and US$10 million in annual corporate general and administrative expenses (tax-eff
Slide 4: Unlevered Free Cash Flow Profile (US$ M)
Unlevered Free Cash Flow Profile (US$ M)
Slide 5: Management Model - Net Asset Value Per Share (NAVPS) Buildup
Management Model - Net Asset Value Per Share (NAVPS) Buildup · Based on North Bullfrog and Mother Lode technical models, assuming Street consensus commodity pricing with a long-term price of US$1,600 per ounce of gold and US$22.50 per ounce of silver, North Bullfrog production commences in 2024, Mot
Slide 6: Fort Capital Valuation and Opinion – Consolidated Detailed Financial Model Summary
The section of the Circular entitled “SPECIAL FACTORS – Fort Capital Valuation and Opinion – Valuation Methodologies ” is amended and supplemented as follows: The disclosure on page 35 is amended and supplemented by adding the following table and paragraphs immediately after the table entitled “Moth
Slide 7: Fort Capital – Comparable Companies Multiples and Metrics
The section of the Circular entitled “SPECIAL FACTORS – Fort Capital Valuation and Opinion – Comparable Company Analysis Methodology ” is amended and supplemented as follows: The disclosure on page 38 is amended and supplemented by replacing the table entitled “Comparable Companies Selected” with th
Slide 8: Current Trading Multiples
Current Trading Multiples The following chart shows the share price to NAV multiples for select “Junior” and “Intermediate” gold producers.
Slide 9: Fort Capital – Precedent Transactions
The section of the Circular entitled “SPECIAL FACTORS – Fort Capital Valuation and Opinion – Precedent Transaction Methodology” is amended and supplemented as follows: The disclosure on page 40 is amended and supplemented by replacing the table entitled “Selected Precedents” with the following table
Slide 10: Opinion of Financial Advisor to Corvus – Selected Public Companies Analysis
The section of the Circular entitled “SPECIAL FACTORS – Opinion of Financial Advisor to Corvus – September 12, 2021 Financial Presentation to the Corvus Board – Financial Analyses – Selected Public Companies Analysis ” is amended and supplemented as follows: The disclosure in the first sentence of t