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Gold/Mining/Energy : CDY Investors Home Base
CDYCF 0.1290.0%Jan 31 3:00 PM EDT

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To: sense who wrote (1)12/27/2011 11:26:16 PM
From: sense  Read Replies (1) of 12
 
CDY has 83 million shares outstanding, and just announced their Coal Creek project has a NPV with a worst case outlined with coal at $141 per ton, a 16% IRR, giving that one property a NPV at 12% of $79 million... roughly doubling the stated value of their current primary project focus.

Trading right now with a market cap of 78.9 million... equal to the low ball valuation just announced, giving any upside from that and the rest of their holdings to holders for "free"...

They have $8 million or $0.10 a share in cash, carry no debt... BV of $1.70 a share, with some of that being in the form of some significant share holdings in other companies they've invested cash in... with those values not including the "bump" in the recent news...

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