Value Microcaps Motherboard

[cliffvb]

cl, ??I don't believe many here were laughing at you last summer for buying gold jrs, I really don't remember anyone doing that. Many of us are marking time and patiently waiting for the jrs to take off though. I'm also thinking that some base miners may be nearing good buy points again. A profitable gold miner one that I like is NXG (larger, profitable and more liquid than many) I'm still waiting on that one as well (from a previous post):


NXG should cashflow about 150 million in 08 after taxes vs $750 mil mkt cap which is dirt cheap for a gold miner. Average PE of gold miners that are profitable is 23. No debt, no dilution, and the company will still have over $100 million in cash after the $250 mil acquisition of perseverance is completed. Analysts in conf call sounded very positive about the deal and I expect that upgrades are coming. After the deal 84% of NXG's production will be gold, 16% copper so I expect the market to focus on NXG as a gold producer not a base metal company which commands substantially higher multiples.

All IMO, do your own DD.