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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (31065)5/30/2008 12:16:36 AM
From: Area51  Read Replies (2) of 78751
 
Looks like I picked the wrong day for my SIL purchase:

This yahoo post doesn't have any validity does it? (the 10Q showed 1.6 million cash flow from operations last quarter which probably justifies an EV of less than 60 million whereas the actual EV was about $1 billion). Oh well: That's what I get for assuming a yahoo post might be valid.

SIL made 50 million real cash income last quarter if you exclude the non-cash mark-to-market derivative loss. The current market cap is only around 500 million. San Cristobal has at least 16 years of mine life. Roughly speaking, you only need 500 million to buy a piece of asset that gives you 200 million per year for 16 years. Is this the deal of the century or what? >>>

messages.finance.yahoo.com

Best Regards,
A51
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