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Pro · Analytical tool
Scenario-based implied share prices for Mining 50 operators — Blended 40/40/20, Operating Margin (8×), EV / Production, EV / Reserves. Illustrative model output, not investment advice.
Step 1 · Choose miner
Partial Data Coverage · 63% of core fields sourced
Missing: Gold Production, Gold AISC, P&P Gold Reserves
6 / 8 key fields sourced from cached company data (cache 8/1/2026). Guidance and actuals are stored separately.
Valuation method
Default is Blended (40% EV / Production · 40% Operating Margin · 20% EV / Reserves). Operating Margin uses a 8× multiple by default — Bear/Base/Bull do not change it.
Unavailable — Blended requires Operating Margin, EV / Production, and EV / Reserves. Weights are not redistributed.
Sources & Model Basis
Market data, operations, balance sheet, and reserves each keep their own as-of dates.
Market data through: Aug 27, 2026
Operations through: Mar 1, 2026
Balance sheet through: Dec 31, 2025
Reserves through: —
Scenario
Bear · Base · Bull · Custom. Changing scenario updates metal prices, production growth, cost inflation, dilution, implied value, upside, and sensitivity immediately.
Active: BaseHorizon 2031 (5 yrs)
USER ASSUMPTION · Gold $5,300/oz
USER ASSUMPTION · Silver $83.00/oz
Prod. growth Au/Ag 2.0% / 2.0%
Cost inflation 4.0%/yr
Dilution 2.0%/yr
OM multiple 8× (not scenario-dependent)
Preset basis: Gold Spot $4,610.21 · Silver Spot $69.45
Data through: 8/26/2026 · Gold PREVIOUS CLOSE · Silver PREVIOUS CLOSE
Previous close is the latest available session close — not an alarming stale signal.
Grey Rabbit Pro
Edit Bear, Base, Bull, and Custom scenarios, advanced assumptions, valuation range, real CAGR, and sensitivity — same Grey Rabbit engine, deeper analysis.
BearIllustrative Scenario
Gold $3,900 (-15.4% vs spot)
Silver $56 (-19.4% vs spot)
BaseIllustrative Scenario
Gold $5,300 (+15.0% vs spot)
Silver $83 (+19.5% vs spot)
BullIllustrative Scenario
Gold $6,500 (+41.0% vs spot)
Silver $104 (+49.7% vs spot)
Steps 3–4 · Metal prices & cost inflation
Current fundamentals
Auto-filled from cached company data where available. Missing fields stay blank — never zero-filled.
Share Price
$5.77
Market Cap
$1.25B
Enterprise Value
$1.77B
Silver Production
3.40 Moz
Silver AISC
$33/oz
Silver Reserves (P&P)
—
Data Coverage
Partial · 63%
Step 5 · Implied valuation
Valuation unavailable
Missing:
Why this matters: the model needs these inputs to compute an implied share price under your scenario. Enter them manually below if you have reliable figures.
Enter manually →Interpretation
Valuation unavailable until required inputs are resolved.
Scenario comparison · model outputs
Valuation Method: Blended — outcomes from the engine (not the assumption table above).
| Metric | Bear | Base | Bull |
|---|---|---|---|
| Gold price | $3,900 | $5,300 | $6,500 |
| Silver price | $56 | $83 | $104 |
| Future AISC (Au) | — | — | — |
| GEO production | 46.4 koz | 58.8 koz | 66.2 koz |
| Operating Margin Proxy | $40.44M | $163.14M | $274.36M |
| Future EV | — | — | — |
| Future shares | 371.45M | 353.77M | 345.18M |
| Implied Share Price | — | — | — |
| Nominal Upside / Downside | — | — | — |
| Real Upside / Downside | — | — | — |
| Real CAGR | — | — | — |
Custom scenario is editable above and kept separate from Bear / Base / Bull presets. Outcome rows (highlighted) are what ultimately matters — assumption rows above are secondary context.
Grey Rabbit Pro
See how implied price, margins, and real CAGR respond as metal prices and costs shift — live from your active scenario.
Miner Valuation Lab provides scenario-based analytical estimates using user-defined and sourced assumptions. Results are illustrative and are not investment advice or guaranteed valuations. See the disclaimer.
Grey Rabbit Markets provides independent market research and educational content. Nothing on this website constitutes investment, legal, tax, or financial advice. Past performance does not guarantee future results.