TSXV:CSG.H - Post by User
Comment by
goldpigon Jan 21, 2009 9:51am
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Post# 15718034
RE: Time to Load up For Robust Cash Flows
RE: Time to Load up For Robust Cash FlowsLooks quite good.
El Castillo produced 6500 oz in Q3, so they are on track for 25,000 to 30,000 oz this quarter.
Add 7000 oz for Sastre, and the production runrate this quarter will be 32,000 to 37,000 oz.
Castillo is forecast to ramp up to 50,000 oz in Q2. With Sastre, the total gold production will then be about 57,000 oz per year.
This will revenue about $55 million per year, and cash flow about $28 million.No other junior comes close to this valuation. For example, KGI produces about 50,000 oz per year and has a market cap of $250 million.
This is a steal at these prices.