I've got one. It's SFEG. They went up about 35% last week on announcement of contract to sell it's first shipment of produced gold/silver concentrate. They have since pulled back 15% from the high. They have a market cap of $100M and will be making $30M in EBITDA next year. Currently trading at $1.05. If you run the numbers it will be under 10 P/E on next qtr's numbers. I think it's the most undervalued PM stock around. I currently hold a large position. should be $7-$9 stock next year.
STVZF, Silvercrest, is another quality junior that's trading at a better valuation than SFEG. They just had first pour and will be in full production by Q4 this year. Their market cap is also approx $100 mil and EBITDA will be approx $16 mil next year based on my math.
here you go: Sep 14, 2010 (M2 EQUITYBITES via COMTEX) --
Mining company Santa Fe Gold Corp (OTCBB: SFEG | PowerRating) said on Monday that it has commenced the delivery of an initial shipment of 20 tons of precious metals concentrate to Aurubis AG, EuropeaEUR(TM)s largest copper and precious metals smelter.
This first shipment of gold and silver concentrate is worth approximately USD425,000 at current metal prices.
Santa Fe GoldaEUR(TM)s Lordsburg flotation mill is in production and producing precious metals concentrate from its Summit mine located in southwest New Mexico. The Summit mine is anticipated to reach full production during the first half of 2011 with estimated annual revenues of approximately USD35m based on recent gold and silver prices.
Commenting on the shipment to Aurubis, Santa Fe GoldaEUR(TM)s president and CEO Pierce Carson said: aEURoeWe expect to shortly follow this initial shipment with sales and shipments of stockpiled concentrate, which will then be followed by on-going regular shipments of production concentrates from the Summit mine.aEUR