Interessant, daß Nick Goodwin Simmers für unterbewertet hält. Sonst tritt er doch, meiner Erinnerung nach, mit der These auf, daß die SA-Goldminen wie GFI und HAR überbewertet seien.
Simmers worth R5 a share?
By: Gareth Tredway
Posted: '17-JAN-06 15:00' GMT © Mineweb 1997-2004
JOHANNESBURG (Mineweb.com) -- If you think Simmer & Jack looks expensive with a market capitalisation of R1.5 billion, hold on. According to Nick Goodwin, gold analyst at T-Sec in Johannesburg, the share price could just be getting started.
According to Goodwin, the company’s gold business alone is valued at R2.50 per share, with its uranium prospects valued at another R2.50 per share. Which would give Simmers a value of R4.25 billion.
“All these things have got to come to pass, they have actually to produce the gold and produce the uranium, but they have got a very good management team there,” Goodwin told the Moneyweb Power Hour, “I think Gordon [Miller] is one of the best managers in the country, and I think they are going to do it.”
Not worth much last year, Simmers entered the spotlight when, early last year, it bid for and later won the right to purchase for R49 million the DRDGold North West operations that had been liquidated a few months before.
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On the gold side, Simmers has set itself targets for the middle of this year. They include cash costs at R79,000/kg and production of 230,000oz of gold per year.
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http://www.mineweb.net/sections/gold_silver/812024.htm
