MOY
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0.00% 5.1¢ millennium minerals limited

Beer and Co: Valuation up - TP upgraded to A$0.40, page-7

  1. Flushmon
    337 Posts.
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    16/11/16
    12:17
    Post #: 20655692
    Gold prices used in the report are:

    2016 = $1266 USD
    2017 = $1300 USD
    2018 = $1300 USD
    2019 = $1300 USD
    2020 = $1300 USD

    Given the last 6 months gold has been averaging around $1300 USD, I don't think expecting it to still be $1300 in 2020 is bullish at all.

    Though if you are bearish gold long term, you wouldn't even be considering MOY anyway would you?
    MOY Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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