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.
Feedback
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