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Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Bullboard Posts
Comment by JRaffleson Aug 30, 2011 10:39am
298 Views
Post# 18993005

RE: Market Cap / P : E ratio

RE: Market Cap / P : E ratio

Production of 60000 oz / year at a cost of 464.00.Our current market cap is 100 million approx.Gold at 1800.00/oz thats a profit of 1400.00/oz X 60000 = 84 000 000.00.Using a conservative P/E of 5, that equals a market cap of around 400 million....4 X the current share price. Most of the large cap gold producers have P :E ratio of 20 plus...
Due your own DD...


20% of the above 60,000 oz /year belongs to Sandstorm

- by your metrics, that gives a market cap of about $330m
- at yesterdays close 200m shares @ 0.36 = C$72m = 4.5 x above projected market cap.

Bullboard Posts