AI
Thursday, July 13, 2006 12:04:58 AM
Yes, lets do the calculation the way the rest of the stock market does.....
According to drake gold website there are 600M shares outstanding
And we know the estimated profits are at 2.3M.
2.3/600 = .0038 X 10 = .038 per share book value
Everything you did was correct except you forgot to give it a x10 earnings. Usually Wall Street gives stocks x10, 20 or 30 multiples depending on the sector the stock is in. I took DKGR at a CONSERVATIVE x10. So it looks like someone needs to go back to finance class
According to drake gold website there are 600M shares outstanding
And we know the estimated profits are at 2.3M.
2.3/600 = .0038 X 10 = .038 per share book value
Everything you did was correct except you forgot to give it a x10 earnings. Usually Wall Street gives stocks x10, 20 or 30 multiples depending on the sector the stock is in. I took DKGR at a CONSERVATIVE x10. So it looks like someone needs to go back to finance class
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