GREY:GUYFF - Post by User
Comment by
wannabeinvestoron Feb 07, 2016 6:38pm
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Post# 24533901
RE:RE:GUY is turning out to be.....
RE:RE:GUY is turning out to be.....stockgod3 wrote: nice to see last while we are slowly going up still think we are undervauled
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that depends on your metrics. the mid-point of their guidance and $1100 gold, it's trading around 8.7x free cashflow on 2016F (EV basis). using same gold price I get around 6.5x 2017F. it's not expensive per se, but you would find much cheaper, comparable late-cycle developer plays out there (AKG, ROG, TGM for instance). Alas, one can find much cheaper oparating mid-tier and intermediate miners out there (NMI, OCG, KGI, SMF).
Having said that, GUY has solid exploration potential and I suspect that's what's getting priced in.