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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > HRG vs Peer Group (adjusted for cash & debt)
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Post by production05 on Jun 17, 2009 1:58am

HRG vs Peer Group (adjusted for cash & debt)


This started out as a basic analysis to prove a point.  Another person and I decided to adjust the analysis for the impacts of cash and debt on the market cap of peer group members in order to make the analysis more rounded.  One should note that the C$175.8M used for HRG in the analysis is at Q1'09 and is stated in Canadian dollars.  With the recent debt payment, HRG's debt is currently US$106.5M.

I sometimes have problems posting this type of format on Stockhouse.  It sometimes pushes the analysis way down to the buttom.  You may have to scroll down if that happens this time also.


High River Gold vs Russian African Peer Gold Mining Companies (C$)
High River Gold    
 $        126,900,000 Current Market Cap  
 $          25,000,000 Cash & Equivalent  
 $        175,800,000 Debt  
 $        277,700,000 Adjusted Market Cap  
                   69,118 Oz Produced  
 $                  4,018 Adj. Market Cap/Oz Produced  
 $                22,729 Peer Avg. Adj. Market Cap/Oz Produced
 $     1,570,963,780 What Market Cap should be  
           590,200,000 Shares out  
 $                    2.66 What Share Price should be  
Rand Gold Resources Red Back Mining
 $     5,900,000,000 Current Market Cap  $      2,100,000,000 Current Market Cap
 $        282,100,000 Cash & Equivalent  $         153,000,000 Cash & Equivalent
 $            2,500,000 Debt  $                        -   Debt
 $     5,620,400,000 Adjusted Market Cap  $      1,947,000,000 Adjusted Market Cap
                 110,313 Oz Produced                     70,408 Oz Produced
 $                50,950 Adj. Market Cap/Oz Produced  $                 27,653 Adj. Market Cap/Oz Produced
Polymetal Peter Hambro Mining
 $     3,200,000,000 Current Market Cap  $      1,100,000,000 Current Market Cap
 $            4,600,000 Cash & Equivalent  $           30,000,000 Cash & Equivalent
 $        359,300,000 Debt  $         424,400,000 Debt
 $     3,554,700,000 Adjusted Market Cap  $      1,494,400,000 Adjusted Market Cap
                 134,841 Oz Produced                   107,400 Oz Produced
 $                26,362 Adj. Market Cap/Oz Produced  $                 13,914 Adj. Market Cap/Oz Produced
Semafo Inc. Highland Gold
 $        468,000,000 Current Market Cap  $         341,000,000 Current Market Cap
 $          23,200,000 Cash & Equivalent  $         196,500,000 Cash & Equivalent
 $          62,900,000 Debt  $         175,100,000 Debt
 $        507,700,000 Adjusted Market Cap  $         319,600,000 Adjusted Market Cap
                   58,100 Oz Produced                     40,000 Oz Produced
 $                  8,738 Adj. Market Cap/Oz Produced  $                   7,990 Adj. Market Cap/Oz Produced
Golden Star Resources Total Peers
 $        495,700,000 Current Market Cap  $     13,604,700,000 Current Market Cap
 $          31,900,000 Cash & Equivalent  $         721,300,000 Cash & Equivalent
 $        139,500,000 Debt  $      1,163,700,000 Debt
 $        603,300,000 Adjusted Market Cap  $     14,047,100,000 Adjusted Market Cap
                   96,971 Oz Produced                   618,033 Oz Produced
 $                  6,221 Adj. Market Cap/Oz Produced  $                 22,729 Peer Avg. Adj. Market Cap/Oz Produced
Notes:
1.Market cap is as of June 15, 2009.
2.All financial is as of ned of Q1 2009, except for Polymetal, Peter Hambro Mining and Highland Gold 
where Q4’08 financial data was used as Q 1 not release yet.
3. Data for Highland Gold uses 2009 production target.


Comment by drichard53 on Jun 17, 2009 6:18am
Does this reflect any of the value of HRG's share holdings in the other gold companies?If these were taken into account, would there be a shift in the values portayed here?
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