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3,607 Posts.
80
06/12/14
21:10
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TeTeTe
i agree with you the stock is "over valued" - simple crosscomparison to WSA
WSA ($4.16)
FPO = 232.3
Mk Cap = 966.4m
Net Cash =45m
EV=921m
approx 25k prod, at cash C1 of 2.50/lb
SIR (2.50)
FPO = 411.5m
Mk Cap = 1028
cash = 252m
EV - 776m
capex - 473m
Forward EV = 1250m
prod - similar profile to WSA (26k)
And at least 1 year from 1st production ......so - circa 30% more expensive that WSA ......
"perhaps" justifyable for "new province" ?????
can i ask - what metrics you used for <50c plse
rgds
Value_Hunter
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