fair market price for cxc

Found this on the yahoo CDE thread

http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_C/threadview?m=tm&bn=3268&tid=260743&mid=260743&tof=4&frt=2

Coeur d'Alene looks undervalued at these prices.

If I look at valuations the market is giving to Pan American Silver, and adjust for some of the big differences between PAAS and CDE, CDE looks quite undervalued. Based on today's close in Toronto, CDE is roughly 46% off a conservative fair market price estimate.

I've blogged the full details on why I think CDE is under priced at
http://www.goldminerpulse.com/b/cdm01.ph...
The estimates is updated at the end of each trading day so changes in stock prices, spot market metal prices, currency rates, etc. are automatically factored into the estimate -- a kind of a rolling estimate for a target fair market price on CDE.

TIA for any comments/questions/suggestions and do let me know if you find this estimate compelling, off-the-wall, or what ever.

Regards .......