cash flow
As regards a gold company's share price being evaluated on the basis of cash flow per share, it would seem very lofty to ascribe a 25 to 35 times figure, I agree. In my curiosity, I came across a certain PM guru who makes this statement. Perhaps he was referring to Gold companies from the 1970's, who's share prices, as we know, became exhorbitant, during the last secular gold bull market.Who knows? Or maybe I misunderstood what he was saying? Anyway...
One thing, for sure, is that Bolivar can trade, one day, for 10.00 to 14.00/share, if they prove out many more millions of ounces on their properties in Venezuela. I, personally like their chances.
I think Bolivar can go to 4.00/share in the next 12 months, based on many factors going the right way for us. Of course it goes without saying, the most important factor is, the price of gold going much higher.
With gold going north of 450.00/ounce and beyond, Bolivar is going to make annual profits in the 10's of millions. With this money, they are going to drill like crazy, and hopefully, increase their indicated ounces of gold to many millions. They are also going to buy more properties or other companies which hopefully have much mineable gold in the ground.
I like to believe, that Bolivar will be another crystallex (KRY) and eventually have a market cap of a billion $ or more.
Time will tell...