Bisha valuation?
posted on
Mar 07, 2008 08:55AM
Bisha Resource value Mar.2008:
1.4mil oz.Au @ $900/oz. = $1.26 billion
27mil oz.Ag 2 $20/oz. = $540 million
384000T Cu @ $8500/T = $3.264 billion
700,000T Zn @ $2800/T = $1.96 billion
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Total $7.024 billion
Shares 128 million
Per share $54.88
Share price $1.92 (Mar.7)
Undervalued by 28.6!
Only one of my metal stocks is higher undervalued 31, most are in the 10 to 20 range by the same method.
One gold stock named as take over potential by a major bank is only undervalued by 2.5? Go figure.