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Bobwins

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Bobwins

Re: None

Saturday, 05/09/2009 10:47:46 AM

Saturday, May 09, 2009 10:47:46 AM

Post# of 39
La Mancha finally caught up to it's potential!

Q1 was great with 18,515oz of gold produced at a cash cost of $451/oz.

Net profits of 3.5 million or .025eps

Cashflow of 11million or .0775

Cash is building at 20 million

Stock had a surge on Thursday and Friday, popping from the mid .40's to Friday's close of C$.66.

I expect further appreciation as the market realizes that La Mancha has big upside from here.

FWD p/e ratio is 6.6
FWD price to cashflow is just over 2.

Normal numbers for small cap juniors would be in the 20 range for p/e and 10 for cashflow ratio. Since La Mancha is new to profits, it will take several qtrs of similar performance before the market is convinced and aware of LMA.to and gives them something close to the average valuation.

http://finance.yahoo.com/news/La-Manchas-Profits-Surge-as-ccn-15180640.html?.v=1

Bobwins

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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