I reckon Amx/Gry worth at least 500m for 3m resource and cash on hand... they were overvalued a year ago, yes certainly I think so but I also think they are undervalued at the moment because of POG...
I am only following AMX/GRY/ncm...they are at good price to buy imo...amx have corporate interst so if they get decent offer we would see upside in GRY as well...its hard to believe that gry is not on radar of major gold producers while they are looking at buying neighbour amx....
NCM has profit downgrade so its around 30% down...I reckon its good buy between $25 and $26 I am more interested in NST though because its GOLD producer, millions of resource and still plenty of resource upgrade to come...
RMS and AZM down significantly and following them...
ncm will follow POG and AMX/gry will follow amx takeover offer in near future...NST look good to me and I dont want to increase amx/gry/ncm holdings...
looking for only goldies at the moment because I reckon POG is near bottom according to last forecast of $1615 to $1850 range...
GRY Price at posting:
92.5¢ Sentiment: Buy Disclosure: Held
