Valuing Mining Companies

Topic: Chariot Resources

Post-reply-btn
Forum Home > Chariot Resources > Chariot Resources

Alky
Member
Posts: 2

What are your thoughts on CHD.to?  I heard there was a lot of foreign investment around the $1 range (from Swiss banks, etc.).  I bought in around there but it's sunk quite a bit since last year.  Does anyone think it'll hit the price range in the next year?

09:36 PM on 05/31/2009 Flag Quote & Reply
Iyad Atuan
Iyad Atuan
Site Owner
Posts: 1

I think best case scenario it will hit 30 cents. they have just finished their feasability study so they can start moving on development making it more attractive for a take over (specially with the recent slump in its price). I think they will have a hard time getting the financing they have been looking for (i think 325 mil). Also if you check recently their CAPEX was higher than they thought it would be which would devalue the stock price BUT at the same time the take over premiums are up due to the completion of the feasability study and their going forward with the copper project.


So i think 30 cents is a good target. I haven't done a detailed valuation on it but if i get around to it i will let you know


hope this helps 


iyad

09:48 PM on 05/31/2009 Flag Quote & Reply

Alky
Member
Posts: 2

That's actually extremely helpful, thanks Iyad!

10:47 PM on 05/31/2009 Flag Quote & Reply

You must login to post.

Recent Forum Posts

by Alky 6 months ago

Upcoming Events

No upcoming events

Newest Members

Iyad AtuanSanju JainChristian LiuSteven O'Sullivan   

Quotes