As a huge ABU fan, IMO we could easily see 10m ozs in a few years, third of the way there already in two. High grade, surface gold, massive exploration properties.
On ABU's SP, I have first resistance at 8.2c, which breaks not only the 2011 high but the downtrend from the 1996 high of 48c. Then it should push to 10c, pause, pull back a bit, and it's off to 22c, 2007 high, then 48c.
OK, I know this sounds optimistic but if we get 10m oz in say four years, and gold is at $3000, that should give us about 500,000oz a year, $1b annual profit, and EPS (assuming we go to 4billion shares to finance plant) of 25c. SP: $2+
cheers!
As a huge ABU fan, IMO we could easily see 10m ozs in a few...
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