Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (8620)	3/12/2003 12:01:37 PM
From: juniorgoldman	Read Replies (2) of 39344

If you take Friedland's comment in the presentation that the company would have US$1.75 mil in cash flow per day based on the production scenario he envisaged, put that into C$ (1.55), multiply it by 365 days of the year, and then assume that for construction, etc. the company will have to issue more shares and will have 300m FD by the time this thing produces, it gives you CFPS of more than $3 per share. If you take into account the long mine life, you could see the company trading at 15X cash flow which would mean that this could be a $50 stock. That doesn't include finding more on these grounds or higher metal and gold prices. Am I out to lunch or are these kinds of prices a possibility in your mind as well?

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