Whooop, there it is! 40 big ones….
On our way to 50….wonder how long that will take.
$30T was reached around January 31, 2022, and $40T was crossed August 19, 2026. So, 1.661 days, or 4.55 years.
If current fiscal trends persist:
- $40T: August 2026
- $41T: ~late 2026 / early 2027
- $45T: ~2029
- $50T: 2030–2031
If the daily increase accelerates to $7B/day, $40T ? $50T takes only ~3.9 years.
No way the US can ever let Interest Rates rise…Sophie’s choice every day now.
On another note, I hope you were able to get into ALKEF when I recommended it. It’s really on the move. We’re over the edge into uncharted territory with the deficit. No one really knows what is going to happen, but it won’t be good.
Got some powder left, I’ll take a look!
I got in at around .98.
This from Taylor Dart: Based on ~1,378 million fully diluted shares and a share price of US$0.93, Alkane trades at a market cap of ~$1.28 billion and an enterprise value of ~$987 million, leaving it trading at just over 3.7x 2027 EV/FCF estimates ($4,200/oz gold) and just 0.62x P/NAV (7% discount rate, base case metals prices). Using what I believe to be fair and arguably conservative multiples of 7.5x FY2027 cash flow and 1.1x P/NAV (7%) for a Tier-1 only diversified producer with an exceptional track record of reserve replacement and over-delivering on promises, I see an updated fair value for Alkane of US$1.72, pointing to a ~85% upside from current levels.
This leaves Alkane as the cheapest diversified gold producer in Tier-1 ranked jurisdictions by a wide margin, even after hiking growth capex and adjusting production estimates lower (recent decision to hold the line on Tomingley production in the 80,000 to 90,000 ounce range).
Thanks, not crazy on the loose as a hooker share structure, but like what they are doing, and they are a producer with a huge project in the wings. I picked some up today as I like producers more than “we’ll be mining by 2029” developers at this point. If you are going to try and leverage the expanding FCF factor, you need to actually have FCF for it to work….