GREY:BGOZF - Post by User
Post by
rich9on Feb 10, 2005 12:44am
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Post# 8565972
Cash Flow
Cash Flow
I've read, a Gold Producer can fetch share prices of 25 to 35 times cash flow per share.
If Bolivar can generate let's say .40 cents/share cash flow, this stock can trade for as much as 10.00/share to 14.00/share.
Also with the latest announcement of inferred ounces of over 6.6 million ounces at the outskirts of Choco 10, who knows how high the price of this stock can go or really how many millions of ounces they may be sitting on.
With the price of gold now (hopefully) nearing a bottom and perhaps resuming its bull run, I can't see this stock staying this cheap much longer.
JMHO....