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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Postman who wrote (57732)3/19/2008 9:25:09 PM
From: BensonInvestor  Read Replies (1) | Respond to of 78416
 
Actually CCH has about 600 million fully diluted / still a great BUY

We have done the math. We believe that Campbell will earn between $30 - $80 million in a “base model” (with a strong bias towards the higher number). And that’s just the beginning. With today’s metals prices, they should be earning over $100 million (but that might take a year or more).

With 600 million shares, that’s about 13 cents a share (using the $80 million earnings number). Well guess what? 13 cents is today’s share price. So Campbell is trading at a forward PE ratio of 1. That is very low for a gold miner (or even a copper miner) that is in production.

It’s also remarkable that Institutions (including Sprott Asset Management) have locked up about 80% of the shares. Campbell has over 1 million ounces of gold in the ground (just at the Copper Rand mine). They don’t like to talk about it – that’s been the “downplay” accusation that we cover on the website.

campbellanalysis.com
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