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SilverCrest Mines Inc SVLC

Metals & Mining Gold


NYSEAM:SVLC - Post by User

SilverCrest Mines Inc
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Comment by govtauon Nov 19, 2010 2:03pm
621 Views
Post# 17731155

RE: Short covering ignited the price gains ....

RE: Short covering ignited the price gains ....we are in line to gross revenue of $62,250,000 with commercial production next year. with 62000000 shares right now a gross price earnings ratio is around 1.4. Add in cost of production (325 per ounze gold remember our silver is in a negative cost per ounze produced) I come in with comercial production price earnings ratio of 10.6. Right now GPR is at 40.4, EDR is at 77.5, and SLW is 54.5.. So i will hold on to my shares when we start to even out. For us to be at a P/R ratio of 30, which is still industry low. That would put us at $4.80-$5.20 per share. Considering $1350 gold and $25.00 silver.


Gov`t Gold
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities