Company Valuation A company is always valued 5x its free cash flow. In the case of CAN, 500 Million which would bring the share price at roughly $2.50
While 34 million is to be used for 2012, that brings down cash flow to 66 million or value of 330 Million or $1.25 SP
This is based on a float of 200Mil
The 43-101 Should see between 2-3Mil OZ @ a grade of 2.8gpt or higher. By the time the PEA comes near September, This could double or triple in size.
As per current metrics, the SP is flowing where abouts it should be, before a 43-101... don't be scared.