OTCPK:CPPMF - Post by User
Post by
goofenoffon Nov 13, 2011 10:41am
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Post# 19233308
RJ on Valuation
RJ on Valuation ValuationCopper Mountain is currently trading at a P/NAV of 0.54x. Our target price ofC$7.50 is based on a 0.80x multiple applied to our NAV/share of C$9.30 (in-linewith risk and liquidity-adjusted historic producer multiples).EPS 1Q 2Q 3Q 4Q Full Revenue NAVMar Jun Sep Dec Year (mln)2010A C$(0.01) C$(0.02) C
.02 C
.04 C
.03 C
Old 2011E 0.02A (0.04)A (0.04) 0.23 0.18 76 9.49New 2011E 0.02A (0.04)A 0.03 0.17 0.19 92 9.30Old 2012E 0.53 0.51 0.56 0.66 2.26 461 NANew 2012E 0.53 0.51 0.56 0.66 2.26 461 NASource: Raymond James Ltd., Thomson One