HARMONY GOLD MINING -- HGMCY Message Board

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Gold/Mining/Energy : HARMONY GOLD MINING -- HGMCY

HMY 20.23

+0.1%

3:59 PM EST

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To: yard_man who wrote (75)	10/25/2001 10:30:28 AM
From: bambs	Read Replies (2) of 271

profits up 73% will produce 2.5 million oz of gold. cash cost $206. with gold at 276 (current price) that's $175 million a year profit. or around $1.20 earnings pershare. that's a p/e of 4.7 with the current share price of $5.75 abx p/e is near 30 gold p/e around 22...most gold stocks have p/e between 20-30 the stocks in the dow an average p/e of over 26 and that is with declining earnings. s&p 500 p/e is near 30 again. a p/e of 4.7 is 21.2% earnings per share. give it a p/e of 12 to be very very conservative...thats 8.3% earnings per share 12 x 1.20 earnings = $14.4 share price $14.4 from $5.75 is a 250% return on investment. i think this is fairly conservative...no? can anyone find me a stock with a p/e under 5 a dividend yield of 2+% earnings growth rate for the last couple of years 30%+ and earnings growth of 73% last quarter? I truly think that hgmcy is the best value of any stock on the planet...at least that i can find. and don't forget all the earnings from investments that are coming through...very very smartly managed company. bambs mips1.net

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