CCU 0.00% 5.8¢ cobar consolidated resources limited

"$130 million for a 14Moz probable reserve. If you divide the...

  1. 2,917 Posts.
    "$130 million for a 14Moz probable reserve. If you divide the resource reserve by the gold to silver ratio, of lets say 50, you come up with a gold reserve of 280,000oz and therefor market cap of $130 million seems expensive."

    just that ratio should show you how undervalued CCU and POS is...

    being extremely bullish and looking at the average ratio of 16:1 - you will see the value...

    with gold running hard and a long way to run lets say 25:1 that's 560koz reserves almost producer for $130m - That's $232 p/oz insitu reserves value(not resource)...with a production cost of $533.00...

 
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