RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Should I buy back BTO?llihevad1 wrote: alvarez2 wrote: llihevad1 wrote: The problem with BTO is there are to many shares...
With cash in the bank of about 15% to 20% of the total value of the company they need to consider a NCIB...
Why buy additional operations when the market does not even recognize the current value of the company.
I am under as well but am going to add to my position...At $1,800 an ounce this is a cash cow...
Currently the market does not recognize the value of any of the gold miners which is precisely the the opportune time for a well cashed up miner to aquire strategic assets for pennies on the dollar. You shop when things are on sale, not when they are over priced.
Looking at P/E of various gold companies I must disagree...
The devil you know is always better than one you do not...
| | P/E |
| Barrick Gold Corporation | 16.80 |
| Newmont Corporation | 23.40 |
| Franco-Nevada Corporation | 35.80 |
| Agnico Eagle Mines Limited | 19.40 |
| Kirkland Lake Gold Ltd. | 12.30 |
| Kinross Gold Corporation | 7.00 |
| B2Gold Corp. | 8.70 |
| Yamana Gold Inc. | 28.50 |
Most of those you have listed there are major minors . Not likely BTO is in the market to buy the likes of Barrick, Newmont , Franco, etc. To clarify...... the mid-cap gold miners and juniors are undervalued. Forward PE BTO.....8.31 EDV.....9.34 YRI......12.8 K........8.3 CXB.....4.10 Eqx.....4.11