Value Microcaps Junior Miners

[teomax]

anyone following former Apollo Gold, now Brigus Gold?

so many diaspoitments in the past, but it could be a good turnaround story in near future...



just read somewhere else:
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=28408342&l=0&r=0&s=BRD&t=LIST

See the summary presentation............

http://www.brigusgold.com/pdf/bg_062410.pdf

In gist, BRD will produce about 95,000 oz of gold this year at an average cash cost of $US 525 per oz.

At current POG, cash flows will be about $65 million in 2010 ( about
.50 per share ) , rising to about $ 80 million in 2011 or about
.62 per share .

Peer cash flow valuation multiples are in excess of 10 times which places BRD's fair value above $5 per share.

News flows will resume once the admin details of the merger are completed, which should be any day now.