From the Patersons report posted on the CXY website.
Current valuation 20c
Add Wandoan 15c
Gives 35c - and that's still ignoring Victoria, Pakistan, India, Mongolia, China etc etc
Then apply the same multiple that CNX uses - ie .04, instead of current .02 that CXY trades on, then that 35c becomes 70c
OR, using LNC's multiple (.07), then 35c becomes $1.22
OR, using CSG's multiple (0.4), then 35c becomes $7.00
And that's without trying too hard at all, and still ignoring all the other things CXY have coming up (Assuming, of course, that everything goes as expected)
And the above is entirely possible within 12 - 18 months
Am I reading the Patersons report correctly?
GO THE CAT
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