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Thursday, 05/13/2010 12:50:14 AM

Thursday, May 13, 2010 12:50:14 AM

Post# of 15664
Why is GHDC undervalued to SFMI
SFMI is 38 cents

We get 15% of all future net earnings

6.6 times 4.5 = 29.7

This is not including the million a year payment.

Our current market cap is 8.1 million once lease payments start from smelter revenue.
We are trading at an 8 PE just on lease payments minus operating expenses. Lets say 500K in operating expenses yearly.
A 16 PE and the 15% net smelter is the upside.

One last thing. I like my money where management has their money.
Less likely to get screwed over some how.


Maybe we will be adding other properties to the portfolio?
From their website:
GoldCorp Holdings, Co. is an exploration and development company specializing in Gold and Silver mining properties in North America. GoldCorp Holdings, Co. is known within the mining industry as a shrewd negotiator and a collector of only the most premier properties available.
Properties acquired by GoldCorp Holdings, Co. must have proven remaining reserves with evidence of previous rich strikes and once-strong production. In addition, all properties acquired by GoldCorp Holdings, Co. must be situated near existing mining operations and infrastructure owned by strong industry leaders.

The Company acquires mineral properties with the intent to consolidate scattered land holdings into a solid portfolio with the intent to then develop the properties to full –scale mining with established industry leaders as partners.


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