Camrova Resources Inc. (BAJFF)

[value1008]

Hi Carl,
Earlier in the month you wrote, in part:

>I would like to start a discussion on the anticipated value of BAJFF after 2013 Q1 results.
*BAJFF cost of copper per lb. is $.29- (other minerals mined will off set the cost to the negative number.) [...]
*Other mines comparable company’s used, HGZ11, CUN.TO, NCU.TO Seem to be trading at about 5 times earnings.
My largest holding is BAJFF, started accumulating in 2007. My estimate is $4.00 - $6.00


So, a few Qs for you or anyone on this board, and i would note that i don't presently own any BAJ but am thinking of opening a position with some funds i'll be coming into over the next few weeks:

1) Reviewing the co.'s website, i see they are estimating that they will be producing by copper by 1H of 2013 and producing cobalt & zinc sulphate by 2H 2013, so when you say your estimate is $4-6, are you saying you think this is the shareprice BAJ will have reached in early 2013 before they start generating any sales?

2) Other comparable mines trading at c. 5x earnings.... I heard John Greenslade in a Jay Taylor interview last Spring saying that a standard P/E in the base metal industry is 16-24. Does anyone think that a P/E of 12-15 for BAJ is realistic after first year of production?

TIA...
GLTYA

--timothy