Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (56337)	2/6/2008 5:11:46 PM
From: WalterWhite	Read Replies (1) of 78416

Marcos - I think CEE deserves another look. At the rate they are finding the yellow stuff, could well be a 20+ million resource. Political risk is low, unless Mubarak gets whacked, so you have a point. Locals will be very supportive (jobs!) and the gov't owns 50% so can't foresee many problems. 900MM shares out yes, but if they produce 500,000 oz annually (their share) and net $500/oz you get earnings of $250MM. At 10x earnings, works out to $2.77 a share. Majors trade at 15 to 20 times. Alas, we can all make the numbers say whatever we like :) KTN - has held up well. Any idea when we can expect more news? Globe

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