back of envelope calculation we will have at least EPS of 11 cents for 2011 based on forward production and POG at these level with PE of 15 that is $1.65 so IMO $1.5 per share takeover is very very cheap takeover with zero valuation for ventburg and goliath and other prospects assets I will still stick to my valuation of 2.5 billion anyway I am not selling any share in hurry so bring it on with US dollar weaken further IMO gold price could sky rocket then GDO will be very very undervalued
GDO Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held