Buscar Company (CGLD)

[dashrip417]

About time CGLD had it's own IHUB board, no?

This stock appears to be going places, with a significant break today. Looking at the numbers, they have basically promised to produce 45,000 ounces of gold in 2007. With gold up over $600 an ounce, that's about $27 million worth of gold. Even chopping $27M in half for mining costs and middle-man wholesale gold sales etc.. I get a conservative profit figure of $14 million, or 10 cents per share net income.

Since they are a legit company, working at increasing investor awareness and looking to acquire new drilling prospects, I think it's also conservative to say they desve to trade at least at a Price to Earnings ratio of 15 at this point

15 times 10 cents per share net income = $1.50, short-term -- say January/Feburary. Means I'm holding through New Year...

Comments?