CGG citadel resource group limited

eqn mulitbagger in the making or taken out

  1. 9,509 Posts.
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    Hi guys,

    Just for your obvious interest this post which I just posted on the EQN forum.

    Plenty upside for both Equinox and Citadel holders imho.

    good luck guys.



    Its pretty obvious that Equinox is now a multibagger in the making just by doing some simple sums.

    After the take over of Citadel this company will be able to become a multibagger from the very cheap a chips share price where we are now.

    Just have a look.

    Equinox Mcap $4.04 billion

    Citadel Mcap $1.17 billion

    Combined group Mcap $5.21 Billion

    Equinox has stated that the combined group will have the potential to produce copper in excess of 260,000tpa of
    copper within four years!!

    This means with a conservative copper price of $8000/t we are looking at a revenue stream of $2.08 billion per year!!

    This will mean that we are running now with a PE of 2.5

    Give us a fair PE of 10 and we have a share price 4 x the present value and say $24 per share would be a much more likely figure.

    And ofcourse since we will have a copper deficit aT that time according to the brokers, using a copper price of $8000 per tonnes is VERY cheap.

    You can imagine once you have read this post that Equinox will be VERY MUCH A TAKE-OVER TARGET......

    And I am sure that Vale or one of the other big boys will have done their homework also.

    So after the Citadel take-over, EQUINOX will be a FAT SITTING DUCK ready to taken-out.

    Lets hope it will be at a price closer to the $20 then the $10 figure per share.

    Good luck to all

    And we may have here on our hands the biggest copper mine take-over target of them all.

    I will make sure that I stay fully invested in this company.

    please do your own research

    jojo

 
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