Post by
jerrio78 on Jun 15, 2011 2:39pm
1,582,105 ounces gold at Miraflores
Seafield Resources Ltd. a total of 1,582,105 ounces gold at Miraflores.
Recent takeover prices in the junior gold sector have seen anywhere between $100 & $250 an ounce in the ground. This was seen last year when gold was under $1200 an ounce.
If we had a takeover bid for Colombia only we could have a low end value of $158 million dollars IMHO or a higher end value due to ease of access and depth plus the fact that gold is up 30% recently so maybe close to $400 million on the high end and thats just one property and I do not have knowledge of a current takeover bid..
SFF has several properties and interests and currently has a market cap of $41 million.
CONTENT POSTED ON THIS BLOG DOES NOT CONSTITUTE A BUY OR SELLRECOMMENDATION. THESE ARE MERELY MY THOUGHTS ON MARKETCONDITIONS AND STOCK VALUATIONS. INVESTING IN THE STOCK MARKET CAN BEVERY RISKY AND YOU SHOULD ALWAYS CONSULT AN INVESTMENT PROFESSIONALBEFORE MAKING ANY DECISIONS. ULTIMATELY YOU ARE RESPONSIBLE FORCONDUCTING YOUR OWN DUE DILIGENCE AND PROTECTING YOUR MONEY.
Comment by
jrock83 on Jun 15, 2011 3:44pm
Keep in mind they used a much lower cut off grade than what seems to be standard practice. I would say they are closer to 1,100,000 ounces which still makes SFF very undervalued especially considering they will have much more than that down the line.I am interested in hearing Lopez. The previous CEO seemed so disinterested in talking with shareholders... almost as though he was doing us a service.