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  "documentTitle": "BMO Capital Markets | Investment Banking Pitch Book | 23 slides",
  "authorId": "bmo-capital-markets",
  "authorName": "BMO Capital Markets",
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  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2021-10-01 00:00:00",
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  "pageNumber": 10,
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  "slideType": "revenue_buildup",
  "function": "quantify_impact",
  "density": "balanced",
  "nDataPoints": 18,
  "notes": "The slide presents a standard valuation bridge from asset-level NPV to per-share value.",
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      "text": "Based on North Bullfrog and Mother Lode technical models with the following assumptions: Street consensus commodity pricing, North Bullfrog production in 2024, Mother Lode production in 2027. Includes US$10 mm in annual corporate G&A expenses (tax-effected). Discounted to February 28, 2021 (to coincide with most recent Cheetah financial statements) using mid-period discounting.",
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      "text": "Source: Cheetah management model at street consensus pricing, FactSet, street research",
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      "text": "North Bullfrog, Mother Lode, Exploration/Other, Mining NPV, Add: Cash, Add: ITM Proceeds, Less: Debt, Less: Corporate G&A, Corporate NAV, FD ITM Shares, NAVPS, Closing Share Price, Implied P/NAV",
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      "kind": "title",
      "text": "Net Asset Value Per Share (NAVPS) Buildup – Cheetah Management Model",
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