GREY:HRIVF - Post by User
Comment by
ThyFishon Sep 17, 2010 9:52am
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Post# 17460215
RE: RE: Severstal Gold IPO Presentation
RE: RE: Severstal Gold IPO PresentationI still don't like the numbers being thrown around here. If the IPO is valued at around 3.5 Billion and HRG represents 50% of production that would give us a valuation of 1.75 billion. Divide that by 799 mil shares and HRG would be valued at approx $2.18. Don't we think the valuation should be more? With proper exploration and feasibility on Prognoz you think we could be double that!! Our EPS should be around .20 for 2010, and with a ratio of 15 this would put us at $3 itself.
I also think these guys need to start doing some PR NOW to take advantage of the current Gold market....I have asked Igor in an email why it seems there has been no PR what so ever with no response back as of yet.
ThyFish