RE:RE:RE:What Centerra president had to say about KLThis is excellent. And Sprott's point. Yahoo Finance prices PE of over 30 yet doesn't do the math per the write offs of Q4. Also all expected growth as they head towards 700,000 oz per year (wouldn't be surprised if they come close to this for 2018) is not factored in. On bad days for gold like earlier this morning, a reason why KL only down 2-3 % (in CAD pricing). Best gold stock out there hands down.
vestor111 wrote: Annualized the 4Q .34 profits per share (which includes a .12 charge) and u get $1.36 add in .36 for 3 qtrs with no charges (it was a one-off charge) and u get $1.72. $17.20 per share is a 10 PE, $34.40 is 20 PE, $43 is a PE of 25.
So if all things stay the same (ie no tapping the increased grades, no POG ramp or any downside issues) AND Mr. Market keeps KL at a 25 PE where it currently is, a $25 price would be arguably very cheap given the known forward grade growth and stated production targets going forward.
Meanwhile they keep poking more holes in Lantern which has some mind blowing results so far...no need for a new mine...no new plant...just keep digging...with 10 years of mining with the known ore already in place...
Meanwhile in Canada, the shaft is planned and easily paid thru cash flow while having room to grow the div.
Pop the POG and things will get crazy. Big money is not in this sector...yet! Tip the POG over passed tech triggers and mad money will start moving in.
BTFD!!!!