GREY:HRIVF - Post by User
Post by
NaturalCurrencyon Jun 23, 2010 12:27pm
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Post# 17214591
HRG Value $4? (Comp : OAO Polymetal)
HRG Value $4? (Comp : OAO Polymetal)Throwing it out there...
End of last year, Nikolai Zelenski was on record saying that he believes that "Severstal Gold should be valued at a similar price to OAO Polymetal". Current market capitalisation of OAO Polymetal is $5.3B, assuming HRG to be 60% of Severstal Gold (this could be conservative as per John Helmer's article as Severstal would probably discount its other Gold assets), this works out to be $4 / share for HRG.
Thoughts?