Double Crown Resources Inc. (fka DDCC)

[greendolphin11]

now, let's do the math!

I see 2 scenarios here:

1. Either DDCC gets to run all of the revenues through the company, and keeps a commission (5%??), or...

2. Their commission IS their revenues.

Either way, their NET EARNINGS is pretty much the same

$12,000,000 (5% of $240 million) minus typical expenses of about $1.2 million (go back and look at their 10K's, or look at the latest 10Q where their 9-month expenses are about 900K)

But let's say that expenses go up to $2 mil

So their earnings are $10 mil for 2016, assuming NO OTHER REVENUES, from barite or Translock, or anything else, which is bloody absurd

They have capital loss carry forwards totaling over $11 million

So, nominally, we assume no taxes

$10 million earnings with 500 million shares O/S equates to 2 CENTS PER SHARE!!!

Since price is a multiplier of earnings (P/E), we can assume at the WORST, a junior valuation PE of 6x earnings

As it sits right now, my valuation for DDCC is at least 10-12 cents per share, MINIMUM

If you haven't bought already, chew on that a while

CHEERS!

gd11