SI
SI
discoversearch

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 : Barrick Gold (ABX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Enigma who wrote (2285)4/1/2002 3:33:07 PM
From: tyc:>  Read Replies (1) of 3558
 
I recommend to you a paper published by CIBC World Markets recently. In it they "observed" that the market seems to value gold miners at their Net Asset Value calculated @ the current spot price of gold, PLUS an option value. They go on to demonstrate that the market excludes hedged production from its "calculation" of an option value.

CIBC World Markets are so confident of their thesis that they are using it now for all their appraisals of major gold companies. (At my last reading, they say ABX is a "buy")
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News