re: target prices of pjo and bsg for the year 2007 Great post Gerry, nice and simple calculation - of base value at well over $8 for BSG.
Of course, the calculation is based on only the 3 million ounces equivalent at Palmarejo, not to mention Guadalupe and other priority targets that other companies would dream of...
Sister Sarah reckons that only 10 to 15 million ounces will make her happy....and it is only a matter of time...not if but when. With the recent drilling results at Gaudalupe and at Palmarejo deeps...who would dare argue with her...
So, $8 base valuation, with a high end scenario of 3 to 5 times of that amount.
...and that is why I haven't sold 1 share yet.
Rosco
BSG
bolnisi gold nl
