Dec 8, 2010

5 Cheap Mining Equities Using 3 Common Metrics

Running a screen using three commonly used metrics: 1) How much you pay for each proven ounce in the Ground 2) Gross Revenue Multiple & 3) How much you are paying for the coming years production per Ounce.

In no specific order - The value if they traded at industry averages ( Using 1250 Gold)
1) Brigus Gold- $4.68
2) MineFinders - $21.22
3)Jaguar Mining - $16.10
4) Wesdome - $5.25
5)Great Basin Gold - $5.82

This takes into account 2011 production, cash costs as well as current reserves but excludes total resources as the conversion to reserves can vary greatly.

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