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Guyana Goldfields Inc New GUYFF



GREY:GUYFF - Post by User

Comment by eebleron Mar 01, 2017 1:42pm
228 Views
Post# 25913506

RE:RE:Dropping the way I see it.

RE:RE:Dropping the way I see it.Now that 2016 is in the books and there were no massive surprises to the upside, 2017 is the year of having to "prove it", where 2016 benefitted from a surge in the POG and the fact that GUY was in its first year of commercial production.  This year they have to show they can operate the mine efficiently and continuously, while seeking to optimize and build for the next uptick in mill capacity.  That might be a reason that the market is "bored" with GUY for now.   2018's production is slated to be 65% higher than 2016, so that would be expected to produce an increase in value that means 2017 is the year to buy dips like this one.  If they can show consistent operations without suffering major equipment failures or feel the effects of the rainy season, 2017 should set them up for a good 2018.  After that they need to add another mine otherwise as a one-mine company they will only be worth what the market is willing to pay for it.  
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