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824 Posts.
605
14/04/11
15:13
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Wondering what people rated as the most undervalued stock?
For me it has to be GES.
They have the rights to 62% of a Macedonian JORC inferred resource which contains 1.6Moz gold, 28Mo silver, 32Mlb copper for an IGV of $3.6B.
They also have 7 projects in Australia with high grade deposits of manganese, iron, copper and gold.
There are only 36 million shares on offer with management holding 60% tightly which leaves only 15 million shares available.
With over $1million cash on hand and 2 million WDR shares valued at $800,000 GES is worth far more than its market cap of just $4.7million.
Do yourself a favour....
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