GREY:AVGCF - Post by User
Comment by
AdamJTon Dec 21, 2011 9:58am
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Post# 19341346
RE: Latest News
RE: Latest NewsNice numbers. So, here we are with Indicated Resources between Tabakato and Hounde of 1.8 million ounces excluding Kofi...which has been pulling out some great results IMO. And the market is giving us a NAVPS of less than 30% at gold's current price. Heck, even at $1000 gold we have less than a 50% value to NAVPS definitely making this a strong hold for us longs and relatively safe bet for investors going forward. If Kofi ad's in another million ounces then we drop to a discount to NAVPS of less than 20%. Definitely the primary driver continues to be traders across the gold producer sector given how valuation reflect no relation to any metric that I can find. Easier to hold undervalued companies than overvalued so here I sit after 24 months knowing that this company once again presents even more upside. These properties have turned out to be some great acquisitions at an excellent price.