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cvy upside

  1. hero of xerox
    820 Posts.
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    02/11/09
    16:46
    Post #: 5863601
    Just looking at CVY and doing a few back of the envelope calcs.

    If we can get that 500,000oz JORC mid next year

    Industry average EV/oz for gold companies is about $100/oz

    Therefore 500,000 x 100 = $50m

    $50m divided by 80m shares on issue (lets assume 10m options who aren’t escrowed convert ) then 63 cents per shares.
    CVY Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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