OTCPK:CPPMF - Post by User
Comment by
norm2323on Dec 04, 2010 7:40pm
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Post# 17801724
RE: help
RE: helpDont forget with your calculations that of the 105 million of production only 75% of that will be ours as shareholders, the other 25% will be going to Mitsubishi Corp for financing the project. Still if looking at a conservative $3.30/lb(like to be conservative) netting $2 a lb. So approx 79mil*$2=160 million net per year. Currently the company is trading at 3 times future earnings if everything goes according to plan. The cost of production at $1.30lb includes financing, I think they come to that number after selling gold and silver credits. Looking at a $1.78 revenue per share at $3.30lb copper.
Hope this helps pgboy.
Anyone out there have a typical P/E for a junior minor just coming into production like this?