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Newmont Mining Corporation Message Board

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  • zebra887 zebra887 Mar 13, 2000 12:31 AM Flag

    SONY ... "ask"-only ... down limit ...

    From another board by a

    Following notice in a Barron's article over the weekend
    that HGMCY has a low valuation to revenues ratio of
    less than one. ($600mil revs / $570mil valuation), I
    have publically encouraged anybody to show me
    something better. Before CDE is pulled out of the bag with
    its .9 valuation to revenues, let me broaden the
    equation as it should be to include DEBT of which CDE has
    plenty relative to its capitalization....after all
    valuation (what the company can be bought for) would
    include its debt.

    HGMCY'S calculation under this
    perameter is pretty easy since they have very little debt,
    so rather than .9 VAL/REVS we have something maybe
    as high as 1.1 VAL/REV (inclusive of Debt). NEM (a 5
    billion dollar company with its debt) is at 3.4 and CDE
    with nearly three times debt to quity, interestingly,
    is at a very similar number to NEMs of 3.3::1
    Valuation to Revenues ratione.

    Stillwater is near 8
    times valuation to Revenues assuming this quarter's
    increased revenues due to the PD explosion. Their
    number has a built in expectation for the doubling of
    production in future years.

    Sure there may be a
    value to being a North American located big name miner,
    but under GORE that will change.



    Asiian markets taking it on the chin

26.11+1.13(+4.52%)1:53 PMEDT