GREY:HYBOF - Post by User
Comment by
realitycheck00on Jun 23, 2019 4:42pm
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Post# 29854116
RE:Target Price = $0.50
RE:Target Price = $0.50Hopefully after the financials are posted they can provide some guidance. I remember the company stating that the mining asset in Montana can be profitable at sub $4000 Bitcoin so at nearly 3x that what will the operations look like?
The new antminers are 2x as effecient as the older models so if they replaced all systems it would be as if they are operating at 40MW.
Crypto FOMO will kick in again and people will flock back to accumulating bitcoin and beaten up and undervalued stocks that will carry upside as the crypto markets rise.
Maybe this halt was a good thing, gave the company time to clean house and come back strong. Most other miners have gone out of business so its only a handful of listed miners now.
I would love to see your 0.50 target but would be more than happy to this get back to 0.35 where I bought into the placement and then let it rip over the next 12 to 24 months when and if Bitcoin does reach that $100K mark