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Cuervo Resources Inc CRVNF

"Cuervo Resources Inc is an exploration stage company. The Company is in the business of acquiring, exploring for and developing mineral properties in Perú."


GREY:CRVNF - Post by User

Comment by jamieb3on Apr 16, 2006 7:47pm
263 Views
Post# 10680141

RE: Find Q4 projection

RE: Find Q4 projectionFind is trading 34 times forward earnings. Those earning must now be corrected upwards in order to price in the new production estimates - it will take a few weeks for the analysts to get this done. If we assume earnings are going to increase by 15% that would mean a 15% reduction in PE at current prices - meaning Find is currently trading at under 30 times earnings. This is, as you point out, totally ignoring any new drilling results that are pretty obviously about to be published. This company is dirt cheap at $12. For those of you planning to sell it down tomorrow - thanks. I'll be waiting.
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