CGX cga mining limited
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ann out - 7.7million oz resource.IGV @ 800/oz = $6.16b.5% of IGV...

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    689 Posts.
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    20/05/08
    09:32
    Post #: 3737411
    ann out - 7.7million oz resource.

    IGV @ 800/oz = $6.16b.
    5% of IGV = $600m
    Current mkt cap ~ $400m

    If they produce 200koz per year at say a margin of 400/oz then thats $80m EBITDA. Say $40m EBIT over 200m shares gives EPS of $0.2. Current S.P of $2 is on a PE of 10.

    Hmmm.....
    CGX Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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