GREY:CLGRF - Post by User
Post by
rackieon Jan 23, 2015 10:57am
333 Views
Post# 23355750
Price to profit ratio of 2.1
Price to profit ratio of 2.1 The following was taken from the last years Q3 press release:
"With continued operational improvements, our total cash cost per ounce of gold (1) decreased by 20% for both the quarter and year to date – to $735 per ounce (U.S. $675) for the third quarter and $801 (U.S. $732) for the first nine months. The increase in production from mining more tonnes at higher grades decreased our all in sustaining cost per ounce of gold (1) by 32% for the quarter to $1,063 (U.S. $976) and by 35% for first nine months to $1,265 (U.S. $1,155).
Footnotes
(2) All dollar amounts are in Canadian dollars unless stated otherwise."
Help me with the math:
up to 65000 oz for 2015 projected.
$1300 usd per oz current spot
today's cdn/usa forex 1.24. ie $1612/oz (cdn)
65000 x $1612 $104.7M
All in sustaining Cost per Oz last year ~$1100cdn
171M shares @ .41
= $70M Cap
Projected Net Operating Income 65000 x $500 cdn
= $32M
As Warren Buffet would point out; you can buy this company right now for 2.1 years worth of Earnings Per Share and conversely, thats what profit takers are selling for.
So peeps; run the numbers from November when CRJ was at $.30, gold 1200 usd oz, 54000 projected oz and forex of 1.1 usa/cdn
Its a real bargain right now