American Bonanza Gold Corp ABGFF

Fair Value?

[SeeApenny]

I know this has been discussed quite a bit here already but I've seen widely varying estimates on a fair, post-production value for BZA.
Some have said approx. $1. I've seen others ay as high as $2. Then at the other end, there are some who peg it at
.80.
Notwithstanding the people who have pronounced a mythical $3 sp in three months :) , can you old pros tell me why there is such a wide variance? When I see some of you making calculations on ore in the ground, it seems like a straight forward bit of math. So how is it that it can come out so differently?

What is a fair target for BZA? Split the difference and say about $1.35?

[jlag]

In Addition to SeeAPenny's question, What type of PE ratio can you expect on a smaller producer with plenty of cash?

[TheCardinal]

@ jlag : You and See-A-Penny are too obsessed with the trees to see the forest.BZA is laying the groundwork - right here, right now - to become a major producer in its own right, unless someone else does come along with the proverbial "....offer they couldn't refuse".I was there when Munk took control of a moribund Barrick, started putting the pieces in place, and executed the