RE: Just sent to HRG databasefirst off, thanks to ccharlwood for all you have done and continue to do.
the olma report gives an estimate of 11 cents per share for 2010 earnings, thus a $1.82 target price.
in the first quarter HRG made 3.5 cents per share, thus wouldn't you estimate 2010 earnings at more like 16 to 21 cents per share, therefore the $1.82 target on the low side?
Also from the Olma report, HRG P/E is now 7, the average for other Russia gold miners is 17, we could also do some "catching up" in that area too.
good luck all.