SPROTT RESOURCE HOLDINGS INC T.SRHI

Crazy bargain here we will have C$0.76/share end of qtr

[nickbillfish]

Crazy we should have US$20M cash end of December.   This works out to $0.76/share Canadian.   You get rest of company that has a book value somewhere between $3.50-$4.00 Canadian for $0.40/share after subtracting cash at current $1.15/share.   Way oversold basically they have it bankrupt.

[Goldnboy1]

Wait a second. Did I read the presentation right?  Does this stock have 16 million in cash, another 37 million working capital and 38 million in investments?? For a total of 91 million.  With a market cap trading at 40 million??? The volume falling off sharply on the historic chart is so weird. Tells you this was walked down by calculated people. Most real longs haven’t sold a single

[nickbillfish]

You read right plus they were getting $4M in cash back from a short term loan they made by year end.    In the quarterly conference call they had hoped to line up financing this month.    Base case they only needed a $25M loan to unlock potential of Chile mine   The study doesn’t include additional revenue generated from crushing ore for others.   My guess Sprott

[bigreturn11]

SRHI is one of the most undervalued companies that I ever come across in a couple decades. What a margin of safety...it’s all upside. Chile alone should be pushing out more than $100 in net income in the next 5 years. I suspect a juicy dividend on the horizon. A 25% divi would get some attention and it’s completely sustainable. 

[nickbillfish]

Wo$1.06 Canadian!   You get rest of company for .30 cents based on estimated cast of .76cents share end of this quarter.     Surprised a stock buyback not announced shortly.

[bigreturn11]

I added more at $1.06 this morning. No brainer. I now hold more shares than I initially wanted. How do you say no to this type of bargain? The current stock price is absolutely unbelievably discounted at this time. The cash and stock (Corsa and Inplay) alone is worth north of $1.30 and the MTV copper mine that will be pumping out tens of millions $$ in profit annually is discounted to zero. Tax