More evidence of junior gold miners being undervalued
posted on
Nov 11, 2007 12:44PM
I really enjoyed this discussion on the CGLD.OB board .....there are tremendous similarities between CGLD and CSG in the sense that they are probably both (roughly) in the same price range and likely are similar in earnings range in price per share (for CGLD, apparently the consensus is 8 cents per share for "current 4 quarter" ...FWIW) and CGLD last traded at 73 cents. Capital Gold's enterprise value though is 2.37 times larger than ours ...........they have a lot more shares outstanding than us. I do NOT own any CGLD ........but I found the first post with comparisons to other gold producers to be downright "interesting" in that it does lend further support/evidence that junior gold miners are undervalued throughout and that with patience we should someday be significantly rewarded ......thought I'd share if anyone is interested in looking at it. (If not, then skip.) Also I loved the quotes from Merrill Lynch .............I suspect that the 3 to 4 year wait might for greatest profits might well apply to us as CSG shareholders as well.