Crowflight Minerals Update: Orion Securities
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.
What the hell does this mean?
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.
Thank you!