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La Mancha Resources Inc LACHF



GREY:LACHF - Post by User

La Mancha Resources Inc > Value at $850 gold is...
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Comment by autres888on Dec 25, 2008 10:39am
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Post# 15667005

RE: Value at $850 gold is...

RE: Value at $850 gold is...I wish it were true, but I think you're completely wrong.  Your basic assumption is that gold miners should trade on  a multiple of EBITDA.  The flaw here is that it assumes the production stays constant.  In other words, companies with mines that have one year left are valued the same as companies with mines with 100 years of production left.   The valuation should be done on NAV, net asset value.  Let me know where you think I've got it wrong.
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