OTCPK:CPPMF - Post by User
Comment by
VENManon Jan 21, 2021 10:11am
214 Views
Post# 32343999
RE:RE:RE:RE:RE:RE:2021 CF Estimate
RE:RE:RE:RE:RE:RE:2021 CF EstimatePat123 - (1/21/2021 9:43:37 AM) RE:RE:RE:RE:RE:2021 CF Estimate You are missing an important info in your calculation.
Capstone is now debt free vs CMMC has around $400M in debt
If you include that info in your valuation, the gap will shrink a lot. Capstone will still be valued a little bit more. It could be justify by better short term growth and Mitsubishi holding 25% of CMMC
UM, Capstone debt free? Did you even look at their most current balance sheet? It shows Total Liabilities for Capstone of $492 M. You can minus the $150M from look term debt that Capstone got from Wheaton. Still in debt $342 million. Capstone also has a much bigger Accumulated Deficit of ($125 million) they have to wipe out before they can show any retained earnings. The $150 m they got will improve their book value ( Market should like that) but the cost of sales will remain high relative to sales because the cost from the silver they sold to Wheaton will still have to be accounted for. All IMO!