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Dean Mico  

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  • ASX: ASW - Advanced Share Registry Limited [View instapost]
    Hi Johnny251, thanks for your message.
    Looks like they are getting closer on the Melbourne office. They have a phone number listed but no office disclosed yet.
    Agree, that another office location will improve their ability to grow new business. However, I am not 'investing' in this one at current prices.
    Feb 20, 2013. 06:57 PM | Likes Like |Link to Comment
  • RGRNK.PK (ASX: RRL) - Regis Resources Limited [View instapost]
    Hi digster,

    Working on a conservative gold price of $1450/oz, cash cost of $600/oz and conservative production of 315,000 oz per annum. I get a cash level from operations of $267 million. Less about $34 million exploration costs = $233 million.

    $233 million / 449.4 million shares = $0.51 a share in earnings.

    Using my valuation method, 51 cents earnings from just 53 cents of equity per share = $9.54.

    Please note that this is my valuation (not a price target) and not a guarantee that the share price will get to $9.54. Who knows, the share price may go beyond that if gold price keeps rising and production is actually 350,000 oz (not 315,000 used in my calcs).

    In any case, value hits you over the head and it certainly did hit me in the case of Regis in recent months.
    Sep 30, 2012. 08:57 PM | Likes Like |Link to Comment
  • Medusa Mining: Producing Gold For $230 An Ounce [View article]
    Great article Dave. I like that you have forecast earnings based on a conservative $1300 an ounce.
    Apr 23, 2012. 06:59 AM | Likes Like |Link to Comment