re: Ann: $50 Million Investment in Citigold t... These days I only buy shares in gold mines if they have an average 2 years EPS which is greater than 10 times the sp. Unfortunately CTO has no Comsec Morningstar figures to work on. EVN, SBM and OGC meets this requirement but we need to bear in mind that Gold can fall in value and change forecast EPS.
Has anyone made an educated guess as to what CTO's 2 year forecast EPS is? I suspect it is poor in relation to sp.
10 times 2 year EPS is interesting as NCM and MML (old figures) is dreadfull. Their dividend return is a joke.
I hold shares in CTO. I live in hope but not holding my breath.
re: Ann: $50 Million Investment in Citigold t... These days I...
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