RE: RE: RE: Primero Analyst Update!Preposterous !
The POG and silver has increased significantly since May 18.That has to increase NAV.
Debt has been all but eliminated since May. That has to increase NAV.
Further, NAV does not take into account cash costs which set up cash flows.
P, at $350 per oz cash cost net of silver credits, is in the lower quartile of gold producers.
San Dimas has repeatedly replaced its production year over year.
Thats another positive.
The last time I looked, junior gold producers ( Matlock ) were valued at over 20 times 2011 estimated net earnings which is about equivalent to 10 times cash flows. None were valued at NAV.
TD is just another example of mumbo jumbo analysts manipulating their estimates regardless of fundamentals.
If analysts are so smart, how come they arnt millionaires by investment skills rather than pencil pushers!