Post by
ch08532 on Mar 20, 2016 2:04pm
Just to put things into perspective
I know there are plenty of metrics that need to be taken into cosideration when measuring what a stock is worth but for simplicity sake, let's just take a look at Market Cap per Oz of Ag Eq:
Projected 2016 ounces of Silver Eq (high end estimates)
FR = 19,788,000 (majority silver)
PAA = 39,636,075
AGI = 31,645,569 (pure gold company)
SSO + CRJ = 31,360,759 (70:30 gold to silver)
EDR = 8,701,898.73
GPR = 4,200,000
THO = 40,778,481.01
Market Cap per ounce of Silver Eq to be produced in 2016:
FR = $68.83
PAA = $52.98
AGI = $60.04
SSO + CRJ = $27.52
EDR = $40.22
GPR = $42.86
THO = $81.05
If PM prices stay at these levels this stock will be rebased to be in line with its peer group. $13/share would bring it to ~$47/Ag Eq oz which I think is the minimum this stock is worth IMO.
Comment by
Monkeydonkey on Mar 21, 2016 8:02am
Reasonable price target, if gold and silver stay in this region. I expect them up soon. After the claude deal is finalised, we should see that price rather quickly. Same is happening to edv, cheapest gold play around. Was finally up big time, take-over bid on tgm (lot cheaper then crj imo), and went down on it. By may i expect ssri and edv up 50-75% from today