CUMBERLAND RESOURCES (CBD) Message Board

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Gold/Mining/Energy : CUMBERLAND RESOURCES (CBD)

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To: Robert A. Sutherland who wrote (3)	2/9/1998 9:24:00 PM
From: Stallion	Read Replies (2) of 393

Up 22% on the day and still wants more... If this company will recover 1.5million ounces at $50 profit per ounce, this equal $75million profit over next 10 years or $7.5million per year. With 22million share o.s., roughly 40cents EPS. These estimates are very 'back of the envelope'. At a 25x P/E multiple, CBD's shares could trade upto $10 per share. By when? Who knows.... Any ideas?

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