GREY:NKRSF - Post by User
Comment by
SurfForWealthon Mar 04, 2005 7:53am
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Post# 8694590
RE: Metric?
RE: Metric?Wiggling, the valuation is not based on today's cash flows and earnings but is based on the NAV and the future. Niko has a fabulous sustainable production growth profile and an incredibly long reserve life that just keeps growing. It is unclear just how much fossil fuel they may discover as it just keeps growing with massive new finds or confirmations. It also helps that they are located adjacent to a potentially massive market for their products that is hungry for long term supply. The cash flows will grow in multiples in the coming years based on the evidence thus far. Cheers!!!