Buckland ""Steini, You have at least got the value much closer to the mark then arion.""
Mate I never claim to be an expert , but only do using my limited knowledge . I said IMO 40/50 c is possible. That's on 90k oz with $800 profit MOY did claim . Well this is $72 millions .
Steini (I have great respect for the person ) , put the price at 10/15 , on a conservative $ 30mil profit .
Now if we add infrastructure $100 mil , and a revise on the JORG ( impossible not to have one in the near future ),then I am not too far from the real picture .
And again , as Steini says , stocks have moods .
Remember FMG after the dilution from $60 to $6 ,,,10/1 ?? It moved up to about $13 with no production. Now is targeting 100mil ton plus , and can't get the SP above $5.
As they saying , stocks worth as much traders willing to pay .
GLTA
MOY Price at posting:
59.4¢ Sentiment: Buy Disclosure: Held