THE CRITICAL INVESTOR

Dear subscriber,

Here is an interesting analysis of Centamin, done by freelance mining consultant Kees Dekker. It shows that Centamin for some reason sees grade dropping like a stone, and consequently needs to increase the amount of mined rock to worrying proportions in my view. On top of this, Kees works out two scenarios for NPV5, only to see those falling short quite a bit regarding the current enterprise value of the company, suggesting severe overvaluation. Read more about it here:

Kees Dekker Reviews Centamin PLC: An Analysis

Regards,

The Critical Investor