RE: RE: RE: Philex Mining keen on Masbate gold pro Soladades: I've further reviewed and my initial view is:
yearly post tax income of ~100M USD; Qtr ~25MUSD
yearly Revenues of ~300M USD
cash on hand ~100MUSD
~5B shares ; EPS / SH (TTM - 0.95 P = .0231 USD ?)
Can you confirm? If I'm correct, I have low expectations unless there is a major player behind them...CGA is moving to 400K Oz within the next 24 months or sooner.
I've also looked at Apex Mining (in the Phillippines): a junior producer with dated web site FSs....they may be having trouble with gold quality.
Are you following SAU (CGA has ~20%)? Any news on that BB would be appreciated.
Skip