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Crowflight Minerals Update: Orion Securities

5. August 2008• Commodities and miningPhantasmix 3 comments

ORION SECURITIES Changes EPS Estimate of CROWFLIGHT MINERALS INC: Current Recommendation is Outperform

Company: CROWFLIGHT MINERALS INC Report Headline:
‘Crowflight Minerals – Forward Sales from Bucko Lake’ Report

Date: July 31, 2008

Current FY EPS Estimate [FY2008]: -0.04
Previous EPS Estimate for Current FY [FY2008]: -0.02

Current Quarter EPS Estimate [Q3]: N/A
Previous EPS Estimate for Current Quarter [Q3]: N/A

Next FY EPS Estimate [FY2009]: 0.13
Previous EPS Estimate for Next FY [FY2009]: 0.14

Current Recommendation: OUTPERFORM
Research Firm: ORION SECURITIES
Analyst: PIERRE VAILLANCOURT
Industry: BASIC/METALS

Estimates reported in CAD

Stock symbol: CML.V, listed on Toronto Venture.

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max

 


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3 comments:

  1. Investor, 6. August 2008, 13:41

    What the hell does this mean?

     
  2. Phantasmix, 6. August 2008, 15:57

    I posted info, you can draw your own conclusions.

    What I think is $0.13 eps estimate for 2009 at a conservative 5-6x p/e (typical for miners, and really – very conservative) will make CML 80-85 cent stock.

    This was updated after Crowflight’s hedging announcement.

    All of the above estimated assuming they don’t prove up more resources (which they should – meaning, mine life will be expanded and a higher p/e should be applied) and nickel stays low.

     
  3. Investor, 6. August 2008, 16:12

    Thank you!

     

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