Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.27

+0.6%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (52386)	5/6/2000 3:57:00 PM
From: goldsheet	Read Replies (1) of 116815

> I think people should start valuing gold companies by more conventional means This is too simplistic, but: Producers are currently trading at about 8-10 times cash flow, 20X is historically "more reasonable" For a buyer: Gold in the ground (proven and probable) is worth $25-35 per ounce, although $50 is reasonable for a good deposit. Historically, it was like $75/ounce. If you are a producer, your ability to turn $25-35 gold in the ground into production at market prices (or above) is often reflected in you market cap. Barrick is currently valued at 100/oz of reserves, NEM@60, HM@50, BMG/PDG@35, etc... Some of my favorite Australians (Newcrest/Delta) are undervalued at $35. South Africans command as little as $10/oz of reserves

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next