RE:RE:RE:Can we break through resistance!MoneyK wrote: With Copper at $3 US, Capstone is expecting to generate 225M US EBITA in 2021 (see slide 17).
https://s25.q4cdn.com/701614211/files/doc_financials/2020/q2/Q2-2020-CS-Webcast-Slides-(1).pdf
The average EV/EBITA ratio for a mining company that is not always profitable is around 6.
https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/vebitda.html
225M / 400M shares = 0.56 x 6 = 3.38$ x 1.3 (exchange rate) = $4.39 per share
Still a lot of upside if copper hold at $3 US and that does not include Santo Domingo or any other catalyst events planned for 2022+.
MoneyK
For 2020, Captsone was expecting to generate 100M US EBITDA with copper at $2.70 US.
They got a little off track in Q1/Q2, but I'm expecting at least 25M for Q3.
Based on the above analysis, (100M * 6) / 400M shares = $1.50 US or $1.95 CA per shares
SP is right on track and should continue it's climb to 3$ in the next 6-12 months if copper holds above $2.75 US.
IMO.
MoneyK