Hi all: I just did a little comparison of different gold producers.
I calculated the book value of Barrik Gold (ABX):
$3,501,000,000 / 367,000,000 = US$9.53 * 1.4(convert to CDN$)= CDN$13.35
Market value for ABX = CDN$30.00 / CDN$13.35 = a multiple of 2.25
I calculated the book value of Placer Dome (PDG):
$1,733,000,000 / 239,499,835 = US$7.24 * 1.4 = CDN$10.13
Market value for PDG = CDN$22.00 / CDN$10.13 = a multiple of 2.2
I calculated the book value of Wheaton River (WRM)(soon to be a producer):
$13,588,782 / 32,062,073 = CDN$0.42
Market value for WRM = CDN$0.45 / CDN$0.42 = a multiple of 1
So as you know WRM is soon to become a producer and therefore could possibly
share the same multiple as other producers. Add the future potential
of a possible expansion of the Kodiak mine and the potential of the Bellavista,
WRM will not only be a producer but also an exploration company on land
that is already in advanced stages of study.
Furhtermore, factor in any increase in the price of gold...
I only wish i had more money to invest!!!!
Regards
Robert |
