GREY:VMSTF - Post by User
Comment by
U3082014on Dec 21, 2011 8:43am
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Post# 19341012
RE: RE: Nopoo's level 2 info from yesterday...
RE: RE: Nopoo's level 2 info from yesterday...Using the 2 valuations of 65 Million and 109 Million.
I came out to a share value for REED LAKE MINE(not including their other properties)
I used a 5x earnings multiple divided by total outstanding shares and using a 18% corporate income tax rate....BUT I am sure Reed Lake Mine will be given special tax considerations as it is a NEW operation???
61 cents/share for 65 million. ($2.78 copper)
$1/share for 109 million. ($3.20 copper)
Pretty conservative numbers by HBM using $3.20 copper....when we all know that in all likelyhood long term copper prices will likely be MUCH higher than this due to growth in emerging markets.
IF Copper goes closer to $4 or above it only goes up from there.
Much like HBM this stock is trading a REALLY cheap multiple right now......
We are getting ZERO credit for forward earnings???
Great spot to average down or get into this play.....