GREY:HRIVF - Post by User
Post by
discern1on Feb 22, 2012 9:30pm
518 Views
Post# 19570527
Another Valuation
Another Valuation Otkitrie Capital just released their investment coverage.
https://fincake.ru/stock/investideas/8950/download/7217
On page 10 they give the values of all HRG mines. The following is a table with the corrections necessary for HRG ownership.
|
|
|
|
attributal |
completion |
nav |
Enterprise |
| Buryatz |
304 |
62 |
82.666667 |
251.3067 |
100 |
251.3067 |
376.96 |
| berezitovy |
208 |
74 |
98.666667 |
205.2267 |
100 |
205.2267 |
307.84 |
| taparko |
540 |
68 |
90.666667 |
489.6 |
100 |
489.6 |
734.4 |
| bissa |
403 |
68 |
90.666667 |
365.3867 |
95 |
347.1173 |
520.676 |
| prognoz |
105 |
50 |
50 |
52.5 |
25 |
13.125 |
19.6875 |
|
|
|
|
|
|
|
1959.564 |
Conclusion, right now in a base case scenario, HRG is valued at 2.0B + cash and investment which probably takes it close to 2.4B. This is before the release of the new drilling results from Berzitovy.
At 2.4B which is the target set by this russian firm, HRG should have a share value of $3.00 as a baseline target.