Presently the share price is basing at $0.01 with relative strength indicators, including the RSI and the MACD trending up - supportive of a higher share price in the future.
We believe the current market capitalization does not represent the fair value of Bonanza's 600-acre contiguous land package bordering the historic Congress Mine. We valued Bonanza Goldfields using a comparative valuation method based on a multiple representing peers’ median market claim value they report for their projects.
We selected five junior mining companies that in our opinion are similar to Bonanza Goldfields in terms of
project development stage and minerals explored (gold and silver). This analysis resulted in an estimate of the Tarantula claims being valued
at $12 million when evaluated relative to comparable claims, then minus the companies present liabilities of $1.6 million, values this company modestly at $0.045/share - 400% above where the stock currently trades at $0.0086/share. Once the extent of the gold reserves are modeled, our estimation is the stock could easily trade in the $0.12 - $0.15/share range - at least 1,200% above the current share price.
This price appreciation could occur within a 9-month window, based on the new gold findings highlighted above.
don't miss out on this one. 46,000,000 on the ASK at one point today. juniorgoldminingreport says this one is going to 1.75 within 9 mos. still under a penny! NOT a fake. They are legit. But no one knows about them just yet!