GREY:AVGCF - Post by User
Post by
Premier1on Apr 22, 2010 2:57pm
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Post# 17020624
EPS guess @ .02
EPS guess @ .02If they sold 15,700 Oz @ $1050 with cost of production @550 than earnings should be around 7.9 Million.
Based on 345 Mil shares that works out to about
.02 per share for Q1 -->
.08 FY. A P/E of ten gives them a current valuation of
.80. It may very well be higher if they've also sold a bunch of their reserves from last Quarter.
Their production will increase throughout year and we can fully expect earnings for the year to be between 12 - 15 cents, IMHO. This'll be easy to ride out - and a great opportunity to increase holdings.
Premier