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Semafo Inc. T.SMF

Semafo Inc is a Canadian mining company with gold production and exploration activities in Burkina Faso. The company's main operations are in Boungou, Burkina Faso, and Mana, Burkina Faso. Boungou is a relatively new production site that is located in southeastern Burkina Faso. The Mana project, which has been in operation longer, includes the Siou deposit, which is about 20 kilometers from the Mana Mine in Burkina Faso. Semafo has developed exploration strategies for future deposits in West Afr


TSX:SMF - Post by User

Bullboard Posts
Comment by metalmaniakon Sep 04, 2010 8:46am
668 Views
Post# 17415106

RE: RE: Semafo vs High River Gold

RE: RE: Semafo vs High River Goldgood reply as you know the company well it seems. Your answer is logical, but the discount has to shrink in regards to Semafo and all other gold producers. With an ev/ebitda of just over 2, 200 mil in cash and shares, and a p/2 of 6 while othesr have 20 average,its a no brainer. Once it breaks 1.00 which should be next week, it will rerate quickly. On the shares outstanding issue, dont forget 70% of float is Severstal,so only 30% real float or 250 mil shares.
Bullboard Posts