Golden Star Resources Ltd. - A Potenial Ten Bagger Message Board

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Gold/Mining/Energy : Golden Star Resources Ltd. - A Potenial Ten Bagger

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To: ItsAllCyclical who wrote (37)	8/12/2006 11:40:59 AM
From: hubris33	Read Replies (1) of 44

IAC - Thanks for the info! I might wander back in for a 1/4 position to see if we can't get 20+ out of it. Seems pretty low risk from here. What no NTO & FRG? Those are suppose to be the 'next big thing!' On par with NG! Here's what I get for GSS per share valuation using the GSA methods. Used data from Annual Report. P+P------->$4.27 o/s sh P+P------->$3.91 f/d sh '06 Production Forecast----->$5.27 o/s sh '06 Production Forecast----->$4.82 f/d sh '07 Production Forecast----->$8.78 o/s sh '07 Production Forecast----->$8.03 f/d sh Company reports 2006 forecast production at 300K oz and 2007 at 500K ounces. Shares are likely higher than figures used do to on-going dilution but latest report shows 207MM sh versus 205MM sh outstanding so figures are not wildly effected. Certainly there is some value in GSS that needs to be unlocked. That said if GSS is on line for 500K ounces per year in 2007 why aren't they a target? Seems like NEM, GFI, AU might have their eye on GSS? H3

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