GREY:AVGCF - Post by User
Comment by
AdamJTon Apr 17, 2012 10:34am
222 Views
Post# 19802513
RE: RE: RE: Thick skin
RE: RE: RE: Thick skin Look at the SP relative to it's peers is a better analysis than the price before the coup. Yes, it's a good value for a long term investor under a $1 if they are prepared to ride out volatility. What you or I think it's worth really means nothing as I've always thought it was worth substantially more. If POG dives (doubtful but a possibility) then gold producers will most likely follow. If they don't then I'd say that's a strong sign of the trend reversing.
Given my thoughts of 130k production if we use valuation relative to SMF then Avion should be around $1.49 right now but, it isn't. That disconnect has been there for sometime and continues to baffle me.