Yes, 40c or 50c would be good, but note the language. "Should be" not in their opinion "will be"
MYG shouldn't be 8.5c now, but it is. If I recall, Proactive Investors said they should have been 20c by last Christmas, but that didn't happen.
Given the complete beat up of the Gold sector at present, I don't see how the MYG SP can be immune. However, as I stated in my previous article, I believe the longer term outlook is tremendous. In addition, you never know what is round the immediate corner. We must be getting closer to a major rally in Gold and Gold shares, but when, who knows?
MYG Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
