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La Mancha Resources Inc LACHF



GREY:LACHF - Post by User

La Mancha Resources Inc > This is not.....
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Comment by RedHorizonon Jun 22, 2010 10:39am
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Post# 17210130

RE: RE: This is not.....

RE: RE: This is not.....One analyst has a $4.25 target on LMA right now.  That report came out when gold was between $1000-$1100 if I remember correctly.  $5 per share now is completely reasonable if they produce the 140,000 ounces this year.

140,000 ounces with a $700 pretax margin per ounce is $98 million in EBITDA.  ($1250-$550 is the pretax margin).

A $5 share price equates to 7x this EBITDA run rate.  That is a bit below average for profitable producers.

GLTA
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