VGZ:NYSE.MKT; VGZ:TSX

Vista Gold Corp.

The Company is a well-funded gold project developer with its flagship Mt Todd gold project in Northern Territory, Australia. With 5.9 M ounces proven and probable reserves and an approved EIS, Mt Todd is a technically advanced world class gold project. Recent testing and PFS design work have identified opportunities to lower processing costs and increase gold production. An updated PFS is scheduled for completion in Q1 2018 and will incorporate these design changes, current foreign exchange rate and a $1250 gold price. Vista believes it is a value stock, no longer just a call option on the gold price.
VGZ:NYSE.MKT VGZ:TSX

Expert Comments:

These findings could improve the economics in the updated feasibility study.
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Dave Kranzler, Mining Stock Journal (5/1/18)
"With a market cap of $82M using 108M diluted shares, Vista Gold Corp. is considerably undervalued. . .it's undervalued relative to peers and relative to the intrinsic value of the Mt. Todd project. . .I look at the company as a substantially derisked gold project that should be trading two to three times higher than its current market cap."

Independent Investment Research (2/26/18)
"When compared with peers, Vista Gold Corp. is undervalued on most metrics. . .we have updated a NAV valuation for it, with this resulting in a company valuation of $459M, or $4.69/share, $0.19 higher than our September valuation. Ninety-four percent of the valuation is attributable to Mt Todd."

"Vista Gold Corp. has released, on schedule, an updated prefeasibility study for its Mt. Todd gold project. The updated study shows significantly improved economics over the May 2013 study, partly due to processing design changes and partly to a weaker Australian dollar. This improved study comes despite a lower gold price. The study shows lower operating costs, improved recoveries and a significantly lower capex, down 20% to $839 million. . .In my view, Vista is not going to build the mine itself; someone will buy the project, though the company would clearly like to negotiate from a higher stock price. As it tells the story, and converts the skeptics, the price should slowly move higher. Well financed, with over two years of expenses in the bank, Vista is a strong buy." read more >

Heiko Ihle, H.C. Wainwright & Co. (11/28/17)
"We view Vista Gold Corp.'s current share price as a buying opportunity and believe that recent metallurgical testing should meaningfully improve the economics of the project. . .the company's share price thus far has not reflected these improvements."

Independent Investment Research (9/1/17)
"We are initiating coverage on Vista Gold Corp. . .the company has taken a very measured and thorough approach in efforts to optimize and bring the Mt. Todd gold project in the Northern Territory of Australia toward production and to add value to the project with efforts appearing to be paying off. . .activities are now focused on delivering an upgraded prefeasibility study in late 2017 or early 2018, followed by a definitive feasibility study."

Experts Following This Company

Adrian Day, Founder – Adrian Day Asset Management
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw

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Investing Highlights
 
Vista owns the 5.9M ounce Mt Todd gold project in Australia
 
Potential top 5 Aussie producer estimated lowest quartile Australian AISC
 
Significantly undervalued Major technical update to trigger revaluation
catalyst Calendar