Hi cashmeifyoucan,
I did not say it's credible. I did not say it's NOT credible.
As with all forms of communication, we are supposed to read what is presented and make up our own mind. That is what is SO Good about HotCopper or Blogspot or Facebook etc etc.
If you find the valuation method needs improvement, you can also give suggestions:
http://ozstock.blogspot.com.au/2012/05/valuation-of-gold-mining-companies.html
I would believe the average Joe on HotCopper more than Warren Buffet ( that Joker Warren calls for more taxes on high income earners but do you know those taxes apply to American income earners, ie battlers, not American investors like Warren or Mitt Romney?).
Again I would believe the average Joe on Hot Copper than those running the financial news, eg Wall Street Journal (ie. Murdoch has many questions to answer for lately) .
example: valuing gold companies, page-3
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Change
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Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 136340 | 41.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 2109264 | 10 |
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