SilverCrest Mines Inc SVLC

Most undervalued junior gold producer

[goldpig]

I have been looking over most of the junior gold stocks that are either producing or close to production and fully funded.
The search criteria relates to cash costs , annual production , potential production upside ,  probability of near-term dilution , likley to be a takeover candidate ,and  for at least a double of current market cap.

Castle Gold has been the standard for comparision. It is being taken over by a private company for $110 million.
It is producing 32,000 oz/year at a cash cost of about $575 per oz.

The takeover values CSG at about $3400 per produced oz and about 6 times most recent cash flows..

Silvercrest will produce 65,000 oz of gold equivalent  production per year beginning in April/2010 , at a cash cost below $250 per oz  for the first 2 years and $328/oz for the 9 year life of the open pit mine.

Using only the Life of mine cost , Silvercrest will cash flow about $55 million per year.
Based on this,its CSG-based cash flow takeover value would be about $330 million or over $5 per share.

Using CSG's takeover production value of $3400 per oz produced, Silvercrest would be valued at $220 million or about $3.25 per fd share.
This is way ahead of any other  junior gold.

Have other done similar comparsions ?.
I would be interested in seeing your results.