About New World Gold Corp
1200 North Federal Highway Suite 200 Boca Raton FL 33432 www.newworldgoldcorp.com
Experts say GOLD WILL REACH $ 5,000.00 an ounce !!!!!
Short Squeeze Alert !!!!! Time to Find more buyers.
Buy Side Volume could send NWGC price per share UP Quickly !!!!! NWGC Intrinsic Valuation today $1.57 per share !!!!!
NWGC has acquired and currently owns’s 52% of AGCZ
NEWS !!!! New World Gold Corporation Shows Increased Revenues and Profits in the First Quarter of 2014BOCA RATON, FL--(Marketwired - Apr 28, 2014) - New World Gold Corporation (PINKSHEETS: NWGC) a gold mining company with existing operations in Ecuador and Peru today released its financial results for the First Quarter ended March 31, 2014. The Company continues to show significant growth with improved revenues and profits in existing operations
Revenue for the First Quarter ended March 31, 2014 was $2,488,516 versus $1,673,919 last year. This is an increase of $814,597 (48.7%). The net profit for the first quarter ended March 31, 2014 was $750,608 versus $378,164 last year, an increase of $372,444 (98%).
The Company expects to increase operations in 2014 and projects that its 2014 revenues and profits will substantially increase compared to the results obtained in 2013.
NWGC PPS estimate
Crunched some numbers in to see what should be the PPS considering the industry/sector P/E ratios.
*Scroll down to see the estimates
What is P/E ratio? A valuation ratio of a company's current share price compared to its per-share earnings.
P/E = Stock Price / EPS
EPS = Profit / Outstanding shares
Total outstanding shares as of 3/31/14 :527,516,915
Earnings First Quarter :$750,608
Maths For the sake of the exercise, I did 3 scenarios
#1 First of all lets say the company only does $750,608 profit for the year( this is only Q1)
EPS : 750608/527516915 = 0.0014
P/E : 0.0043/0.0014 = 3.07
#2 Now lets assume the company keeps doing the same revenues Q over Q.
EPS : 750608*4/527516915 = 0.0056
P/E : 0.0043/0.0056 = 0.76
#3 Now lets assume the company profits grow by 20% each Q(98% increase from 2013-2014).
EPS : 4029262/527516915 = 0.0076
P/E : 0.0043/0.0076 = 0.56
P/E ratio recap : #1 3.07 #2 0.76 #3 0.56
The current average P/E ratio for the gold mining industry is 164. As we can see NWGC is trading way under the industry average ratios
But since I'm a conservative guy, lets cut the industry P/E ratio in 4
P/E ratio : 164/4 = 41
*-*-*PPS ESTIMATE BASED ON P/E RATIOS*-*-*
With the scenarios calculated higher in this post we would come with these different PPS:
#1: 41*0.0014 = $0.057
#2: 41*0.0056 = $0.22
#3: 41*0.0076 = $0.31
Gold Industry Junior Mining Analyst ;
"As the price of Gold Increases the stock could eventually reach $10.00 a share"New World Gold Corporation (NWGC) has a solid history of producing revenues year over year, and proven or probable reserves of 1,895,000 oz of gold both domestically and internationally; the proven reserves are 695,000 oz and the probable reserves are 1,200,000 oz. The current worth of these proven and probable combined reserves is $2,446,445,000 based on the gold value of $1291.00 per oz as of 5/21/14. Using JUST the proven reserves as a conservative number, 695,000 oz is equal to $897,245,000!!!
We will take the numbers from the most recent quarterly report, filed JUST LAST WEEK. The A/S for NWGC is ONLY 750M shares!!! The O/S is even lower, at only 527M shares! Again, using the conservative, but PROVEN reserves value, divided by the outstanding shares, you get $1.70 per share intrinsic value!!!! TODAY RIGHT NOW...
The most recent quarterly also reports $11.6M in assets, and most importantly, gross PROFITS of over $4.9M last year!!! If that wasn't good enough, the most recent PR says that their NET profits for Q1 2014 are 98% higher than in 2013!!!! It's safe to say these people KNOW what they are doing and are doing it well over and over.
Now you can see why we are SO EXCITED about this undervalued Gem! It is an undiscovered, profitable company with a low float and it is going to be HUGE !!!!!
New World Gold Corporation continues to grow through development and production of existing reserves, acquisition and development of new reserves and processing of third party reserves at it's mills.
Previously the Company had focused on domestic gold reserves. However, the Company has been very successful in Ecuador and Peru and has defined a largeproven reserve of 695,000 oz of gold and significant probable reserves that the Company is evaluating to change into a proven reserve. At the same time the Company will continue to acquire additional proven reserves that are ready to come on to productions.
The Company has shown excellent growth in 2011 and now has 5 producing mines and 3 operating mills. The Company projects that in 2012 it will acquire another producing mine and one more mill while at the same time increasing its proven gold reserves and its daily production.
New World Gold has 5 producing gold mines.
The Company has 3 fully operating mills with a combined capacity of 380 tonnes per day.
The average head grade of the ore being processed is 1.0 oz of gold and 15 gm of silver per tonne of ore.
The Company processes ore from other mines increasing cash flow and profits.
The Company has proven reserves in excess of 695,000 oz of gold.
The Company has probable reserves greater than 1,200,000 oz of gold.
The Company is working to change these reserves from probable to proven.
New World Gold will continue to increase reserves through acquisitions.
The Company continues to have an active reclamation program.
The Company had record revenues and profits in 2011 and expects to exceed these results in 2012.
Here is a link to their most recent Financial Reports:
Here is a link to their most recent PR:
New World Gold Corp
NWGC or New World Gold Corp. a producing top gold mine stock with Seasoned Management touted one of the best gold mining stocks will increase its production rapidly and actively pursuing new acquisitions.
This recent two-day show by NWGC is just the Preview Of Coming Attractions for the entire PM mining sector. NWGC will be one of the stars, but there are literally dozens more like it. Why ? Because if you follow the PM mining sector you know the whole sector has been in one of the most brutal cyclical bear markets in memory, having lasted now almost three years; due, of course, to the fact PMs themselves ( gold and silver ) have been in their cyclical bear. Every junior miner and explorer out there has been beaten to within an inch of their life. ( and some have died ) All that is just about over.
Those able to parlay plays such as this - one after another - are going to make themselves stupendous fortunes in the coming year.
To the fellow with the math calculations : your numbers are way too low. Why ? Because you're not taking into account the way mining stocks are so highly leveraged to the price(s) of the underlying metals. NWGC is easily a $10 stock once the PM rally gets going again in earnest.