Replies to post #31826 on Value Microcaps Junior Miners

[checkmate28]

SAS From that article Another nice summary.

At $0.32 share price, St Andrew Goldfields trades at 4x cash earnings (only ~3x excluding net cash on hand)

By the end of this year SAS should have net cash on hand of ~$0.13 per share (I dont see this happening as they need CAPEX to fund Taylor development and exploration costs)

At any rate. A debt free, 100k growing producer from Timmins at anywhere near an EV OF $100 Million is a great value.


Note Randall Abramson the writer of the article was buying heavily in the mid 20's