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Centamin Ord Shs T.CEE

Alternate Symbol(s):  CELTF

Centamin plc is a Jersey-based gold producer. Its assets include Sukari Gold Mine, Doropo Gold Project and ABC Project. The Sukari is a bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160 square kilometers (km2) tenement. The Doropo Project consists of seven exploration permits, covering an area of over 1,850 km2. The Doropo Project is in the northeast of Cote d’Ivoire, over 480 kilometers (km) north of Abidjan. The ABC Project is in northwest Cote d'Ivoire, over 550 km northwest of Abidjan and 460 km west of Centamin's Doropo project. Its EDX Blocks comprise 3,000 km2 of greenfield exploration tenements within the Egyptian section of the Arabian Nubian Shield. The land package is divided into three blocks: Nugrus Block, which covers over 1,086 km2, Um Rus Block, which is located 50 km north of Sukari, and Najd Block, which is located 100 km northwest of Sukari in the Central Eastern Desert.


TSX:CEE - Post by User

Bullboard Posts
Comment by chengjooon Jan 02, 2008 11:51pm
216 Views
Post# 14144702

RE: cee - undervalued

RE: cee - undervaluedOn the contrary, the Share Price is as relevant as the market capitalization. The latter is afterall a function of the share price really. Bottom-line, the Share Price tells us whether we are over paying for a a particular share. When we compare the Share Prices of CEE,DGC and ARU vis-a-vis the Notional Value of the Resource ounces as outlined by the three respective companies on a per share basis, the following figures show clearly that CEE is the cheapest of the three stocks. Here are the figures : CEE resource value per share is 9.6 times its current share price, DGC 12.5 times, and ARU, 10.4 times. On top of this consideration is also the question of cost effectiveness - i.e. which company will be able to produce gold at the lowest cost per ounce - a factor that will increase the return to shareholder value.
Bullboard Posts