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Richfield, led by President and CEO Peter Bernier, is focused on its Blackwater gold project in Central British Columbia. Following a 5:1 rollback in May 2009 the company began exploring the project it had optioned 75% from Silver Quest Resources in March 2009. In March 2011 Richfield announced the initial resource calculation for the project of 53 million tonnes grading 1.06 g/t Au (1.8 million ounces) and 75 million tonnes grading 0.96 g/t Au inferred (2.3 million ounces.) In April 2011 New Gold announced an agreement to acquire the company for 0.92 of a New Gold share for each Richfield share, roughly a $550 million transaction value.
Key to Understanding IPV Charts and Spec Value Hunter Tables
An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked.
Poor Speculative Value -
Fair Speculative Value -
Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Click on the company name to view the company profile, the project name to view project details.
Click on the project icon if its background is shaded to get the IPV Chart for that company.
