Banca I.F.I.S Spa BNCIF

RE:Comparable ECS Vs CSK - MISTAKES ???

[newsimon1707]

I am probably wrong on numerous points... the cost per pound is the big question mark???But

but, ECS will have invested a total of 200 million US$ to mine this place...
total profits will be 258 million US$...

we will need to spend peanuts to mine this place...
total profits can be 160 million US$... let's say I am miscalculating 60 millions... still 100 million profits over 10 years...

Now, we have a market cap of 6,63 million US$, they have a market cap of 133 million US$...  let's do a small comparable... we should have a market cap of 51,55 million in US$ with 100 million profits over 10 years... or 82,4 million in US$ if I use 160 million profits...

Now let's use the conservative value of 51,55 million in US$... X 1,33 = 68,56 million market cap in CAD$, divide it by 85 million shares... gives us .... 0,80$ per shares... I might be really far... far far far... but I would like someone to prove me wrong!