CCU
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0.00% 5.8¢ cobar consolidated resources limited

get a grip, page-28

  1. Rutz
    35 Posts.
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    26/11/12
    22:44
    Post #: 11110789
    Not sure if my numbers are right but according to recent release probable reserve was 25.9 Moz. Lets assume a 30% haircut with lower grades gives a probable of 18 Moz. A reasonable valuation would be 20% of reserve or 3.6 Moz at a hedged price of $29.60 = $106560000 divided by shares outstanding of approx 240 Mill = share price of .445 so .345 seems a litte overdone.
    CCU Price at posting: 33.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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