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Pan American Silver Corp. Message Board

  • riffmisterj riffmisterj Apr 8, 2007 3:09 AM Flag

    PAAS valuation


    I'd have to say there are a bunch of companies out there trading for 25-30+ times forward earnings that I don't like as much as PAAS (even though they are still good in theie own right).

    I'm willing to bet consensus estimates are going to be far too low considering there is a good possibility that silver could average several dollars more per oz that expected. Which points to eps higher that a BUCK FIFTY. Each dollar in silver price should around 20 cents in cash flow (15 mil oz prod divided by 72 mil shares). It wouldn't really take that much for PAAS to earn $2 would it? Tag a 25-30 PE onto it and then you get what I would call a fair value for PAAS.

    I am expecting continued great things for PAAS and SSRI once silver breaks out of this range how ever long it takes, I'm there. Barring a breakdown in metals markets I really don't think this is a double top forming right now.

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