GREY:COLUF - Post by User
Comment by
Georgieboy1on Apr 03, 2010 7:47pm
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Post# 16954130
RE: A CSI 10 to 1 short term bet
RE: A CSI 10 to 1 short term betHey SWINGER, you can add this to your list:
Canaccord Adams Mining Analyst Nicholas Campbell expects to see a revaluation in CSI shares as investors begin to view the company as an emerging precious metals producer. Campbell notes that junior precious metal producers are currently trading at an average of 1.21x P/NAV (5%, spot) and at an average of 11.3x 2011E P/CF. If one were to value the CSI shares using similar metrics, CSI could be worth as much as $13.61 per share. CSI is currently trading at 5.5x 2012E CFPS and 0.49x P/NAVPS (5%, spot).
As CSI de-risks the Serra Pelada project, Campbell believes that a bid for the company could become increasingly more likely.