I think there is no doubt that everyone needs to judge this...

I think there is no doubt that everyone needs to judge this stock on fundamentals and not emotion.

They have 5M oz resource.Stage 1 production is 100,000 oz per year. Do not factor stage 2 production for simplicity.

Whilst there is partial hedging above $1700/oz. Don not include that.

Current gold price is $1170 USD/ $1575 AUD. So on current prices $300 profit is conservative.

Therefore $30M per year profit and if 7x earnings should be $210M Market Cap.

I am thinking that some people are assuming that POG may be heading towards $1000 USD/ $1250 AUD.

Traders may be getting out at a loss.

This is cheap Buying here....however be prepared to wait 6 months if need be.

Obviously Hunter Hall has been holding up the bulk of selling and if there is more large selling than price could drop a lot lower.

DO NOT DISCOUNT A TAKEOVER.

Remember:
1. Good management
2. Producing Gold Mine
3. West Australian...No Sovereign Risk