JoJo...i try to be conservative with mining analysis, as the dynamics can change fairly quickly.
But with AGO all my conservative thoughts and numbers still show that tremendous gains can be made from this stock even at $4.00.
I certainly think that some calls of $10, $12 and $14 is quite possible. But those targets can be re-assessed once we achieve $8.00+ and more importantly the timeline to achieve that milestone.
The funny thing is that once AGO gets into the ASX100, watch all these brokers come out with their analysis on AGO and recommending is as a strong buy.
By then we will be at $5.00.
I noticed Patersons have come out with a buy recco and a brief research analysis on AGO in their weekly wrap. Target $4.80. First time I found any analysis by them on AGO.
AGO Price at posting:
$4.04 Sentiment: LT Buy Disclosure: Held