RE:RE:RE:March Progress Gallery - Photo Updatecoocoology wrote: We all expect the price to spike as we move to the production phase. Curious on your price target of $12. Have you done any cash flow projections to arrive at that target? Can you share?
We also have the expected stream of news on the other projects.
GLTA
Long and overweight
crow27 wrote: Heavy duty Industrial construction going on here. Very high quality work being done also.
$7.70 ??? This is the buy of the century folks. $12.00 sometime in July, 3 months away is all I can say.
Judging from the PE's of many of the copper , the market is anticipating lots of growth with copper prices going higher.
For example : FCX-ny -
83x LUN-t -
48x SCCO-ny -
35x CS-t -
115 ERO-t
32 Only looking at Kamoa/Kakula to generate some some numbers.........not considering WF exploration potential success, the Platreef assets, Kipushi assets, consider these facts.
Phase 1 - 200,000 T cu or........ 0.44 B Lbs
Phase 2 - 400,000 T cu or........ 0.88 B Lbs
Phase 3 - 600,000 T cu or......... 1.320 B Lbs
Phase 4 - 800,000 T cu or......... 1.76 B Lbs
( #Lbs x gross profit/Lb x %share of profit x % recovered income profit after taxes) X PE multiple / # outstanding shares = value per share
Using phase 4 #'s but only using today's copper prices ( assumes $3 gross profit/Lb ) and a PE multiple of 20X............it's not hard to see a $25 sp with just Kamoa/Kakula alone. IF you have the patience to wait.
There's no value here given for the Platreef Mine , Kipushi or any potential for success on the 100% Western Forelands license..........which is highly likely.
The growth potential in this company is ridiculous........almost hard to believe. We're in the right company, right sector at the right time with best Mgt team running it. Consider yourself lucky to have discovered it and hold on.
These are pretty crude calcs but then again using $4 copper , if anything I believe the numbers can only improve. Once we get a few operating quarters in and comparison can be drawn between the various miners, I would think the light bulb will come on.