GUJ gujarat nre resources nl

massive potential, page-4

  1. SP3
    18,710 Posts.
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    Tibbs,

    GUJ is projecting to earn about $300M per year from the 2 mines by 2009 for the next 20 years or so.

    With a market cap of half of that, it is definitely UNDERVALUED based on their future earnings potential.

    Producing mining companies have a PE ratio of around 15.

    As you can see GUJ eventually will be re-rated to correspond with their future earnings and sector PE ratio.

    btw, I havent even taken into account their other assets.
 
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Currently unlisted public company.

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