RPX Gold’s Wawa gold project is hugely underappreciated. The market is currently pricinh the gold ounces in the ground a less than 1% of the market price of gold despite the fact that its most recent Preliminary Economics Study revealed at Post tax IRR of 99.7% and a 5% discounted NPV of C$523 million or 6.5 X its current market cap based on a US$3,500 gold price assumption.
The economics are bolstered by the ability to custom mill early production and a high grade for an open pit mine of 2.5 g/t gold. The Wawa project definitely has world class scale potential with only 1/4 of a six-kilometer structure drilled to date and with great potential for gold mineralization to extend to a great depth.
I consider RPX Gold to be one of the most undervalued advanced stage junior gold stocks that I cover in my newsletter, J Taylor’s Gold, Energy & Tech Stocks.