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Message: What's your opinion??

What's your opinion??

posted on Sep 25, 2008 09:28AM

Forget about day to day prices of CSG. Obviously it has nothing to do with today's value or future value. There just is no demand for now, so the only thing you can do now is accumulate and wait. But, how much is Castle Gold really worth? I am curious to see how others feel.

Take a look at the attached spreadsheet. It speaks for itself, since these (conservative) projections are mostly from the Company. Tell me what you think its price per share will be at year end 2010, and year end 2011. As for me, I have my own opinion and I am not selling a share before 2011. Then I will reevaluate its next potential.

IMO, CSG is for long term holders only, and today's sellers (Thursday, Sep 25, 2008 @ $0.36/sh) will be kicking themselves down the road. I sure hope it is not me kicking myself then, but I am more of an optimist than most. I am interested in what others think of the future of CSG and the entire Gold scenario over the next few years.

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Castle Gold Sales & Earnings Projections Sep 24, 2008
Ounces of Gold produced by each Mine
Year El Castillo ElSastre La Fortuna Others Total Oz Avg price Total sales Margin % Net Profit EPS
2008 20000 9000 0 0 31008 880 27287040 0.4 10914816 0.145
2009 40000 12500 0 0 54509 925 50420825 0.5 25210413 0.335
2010 60000 15000 0 0 77010 925 71234250 0.6 42740550 0.568
2011 60000 15000 25000 0 102011 999 101908989 0.6 61145393 0.715
2012 60000 15000 50000 0 127012 1050 133362600 0.6 80017560 0.936
These are mostly Castle projections that I produced on this spreadsheet. No consideration is given to Expansion of current Mines, Additional Mines, Mergers, Acquisitions or Financings.
Variables include # of Oz mined & sold, Price of Gold, profit margin, and # of shs OS

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