IMHO talk of $2 share price before Christmas sounds fantastic...

IMHO talk of $2 share price before Christmas sounds fantastic but will not happen IMHO. I've seen a number of broker valuations (and they are usually optimistic) and none even approach that sort of number even with upside potential at Bibiani.


Being realistic, 90c is probably very close to the money at the moment and anything more than that would be sweet as honey but it depends how long they wait. As we get closer to full production the price goes up considerably IMHO.

Later this year when we are in production and ramping up to 150K ounces p/a for 2012, it will take much more than 90c to buy out the company. If there were a T/O offer at that time we might get our $2.

Without a T/O offer I think we are in a slow grind with the share price until full production & significant cash flows are seen - probably a year until we can really cash in on Chuck's good work.