Vaughn, I like your numbers, but 20 times earnings? Sounds good to me, but I think that might apply where earnings can be projected in perpetuity. I don't think alluvial mining, or any mining, works that way. Chris Jennings stated at the annual meeting he expects the subject alluvials to add value of around $10 per share from projected cash flow (not including other exploration/development areas nor potential hard rock sources in Angola). In the long run, SUF may well be worth many, many multiples of the current valuation, but Angola, at this point in time, will not provide most of the leverage. Big money fears about the country will hold down the multiplier the market assigns to that cash flow. By comparison, the Klipspringer project in South Africa is another, more exiting story.
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