Vista Gold Corporation (VGZ: NYSE American & TSX) is an undervalued, advanced-stage gold developer that is positioned to be Australia\u2019s next world-class producer. Vista\u2019s principle asset is the Mt Todd project located in the Northern Territory in Australia. Mt Todd is a world-class deposit in a Tier-1 jurisdiction and is Australia\u2019s largest undeveloped gold project. The 2018 Preliminary Feasibility Study (PFS) for Mt Todd demonstrated 5.85Moz Au reserves and 479K Au production in years 1-5 with a 13 year mine life. After-tax IRR is 20.5% at $1,300/ou Au and a US$.80/AUD exchange rate. NPV (5%) is US$679M. All-in-sustaining costs are only US$678/ounce which puts Mt Todd in the lowest quartile of production costs in Australia.
In this interview, Vista Gold\u2019s CEO Fred Earnest gives a comprehensive overview of Vista Gold and why it is a deeply undervalued investment opportunity for the mining investor. Fred points out that Vista\u2019s liquidation value is \u201c$94 million compared to our current market cap of $68 million.\u201d Vista Gold is currently trading at about .1NAV while on average peers are trading at .5NAV. And Vista only trades at $7EV/M&I AU oz while the peer average is dramatically higher at $79/oz. The implied upside for Vista Gold is significant and Fred points out in the interview that the mining investment community does not yet fully recognize the impressive economics revealed in Mt Todd\u2019s 2018 PFS coupled with the already de-risked nature of Mt Todd.
www.VistaGold.com
0:05 Overview of Vista Gold Corporation
2:19 Vista\u2019s management team\u2019s history of value creation for shareholders
6:31 Share structure and ownership
7:34 Vista\u2019s current financial balance sheet and burn rate
8:16 Current liquidation value of Vista Gold versus its market capitalization
9:20 History of Mt Todd project
13:16 2013 PFS results for Mt Todd
15:19 Why the 2018 PFS Mt Todd results are so impressive
20:10 Mt Todd\u2019s immense size and scale as an open pit gold mine
21:19 2018 PFS results largely due to addition of proven sorting & grinding technology
29:16 Why Vista is currently a deep value investment opportunity today
31:06 Mt Todd\u2019s path forward towards production
35:57 Concluding remarks
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