GREY:ATNAQ - Post by User
Post by
taylor1988on Feb 06, 2012 1:55pm
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Post# 19495632
Incredible News
Incredible News I don't think too much more waiting..
Today is just some shuffling of hands and ability to profit take with a news release for those waiting on some more liqudity. ATN doesn't see 2~ M share days very often and the last day ATN traded 2 M + in volume it preceded this run to the $1.10 + level.
People have to start to notice at some point the value of ATN.. after debt it's $150 M enterprise value company trading for roughly $25 / oz based on just about 6 million ounces of gold. Great jurisdiction, respectable grades, good shareholders (Barrick/Sprott). I added today and will happily add more on weakness.
Couldn't agree more Teatime about your comment on 200k oz possible by 2015.. Pinson O/P + U/G certainly is a game-changer with over 1 Moz open-pit.. it will be interesting to see PEA numbers and plans for Pinson. $150 M for a 200k producer in Nevada is a bargain unless we'll never be permitted and we are.