$3.90 valuation by GS updated, page-151

Originallypostedbysmartdude

Thesharemarketfallsareafinancialcrisis-theviruswas/isthecatalyst.

HowlongwillSBMbeat$2.30?WhenitannouncesahighNPVSimberiSulphidesProject,completionoftheGwaliaExtensionProjectandSBMstartssellinggoldata$1,200AISCmarginJPMorganwillnotbeabletokeepthepricebelow$5whenthegoldsectorstartsbubbling.

'How long will SBM be at $2.30? When it announces a high NPV Simberi Sulphides Project, completion of the Gwalia Extension Project and SBM starts selling gold at a $1,200 AISC margin JP Morgan will not be able to keep the price below $5 when the gold sector starts bubbling.'

And when there is evidence of that occurring I will buy back in, at the moment regardless of how much 'value' is in SBM it is being caught in the worldwide market crash.