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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (201493)7/26/2011 9:35:39 PM
From: tyc:>  Read Replies (2) of 313070
 
>>"LSG looks already expensive when compared to its peers"

In support of his continued BUY recommendation, TD Newcrest analyst has this to say,

"Valuation
We calculate that Lake Shore is currently trading at 0.76x our NAV5%. This is a significant discount to its
peer group of gold companies in our coverage universe, which currently trade at an average of 1.25x NAV5%.
What we view as the company’s closest peer, San Gold, trades at an estimated 1.23x NAV5%."

Where is he wrong ,please ?
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