GREY:PTQMF - Post by User
Comment by
wwadehammeron Nov 15, 2011 7:39pm
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Post# 19240038
RE: RE: RE: It's out on SEDAR
RE: RE: RE: It's out on SEDARPMC, this makes sense if you look at from an outside investor who doesn't follow the stock closely. We had a quarter where we made $5 million net income. With fully diluted shares at 221 million that works out to 2.26 cents per share of quarterly profit and 9 cents yearly if you annualize it. Big whop! If you factor in the risk that people perceive with the company being in central america, Fifer's reputation (fair or unfair) and that the price of gold is not guaranteed to maintain this level forever, the fact that were trading at 8 times earnings makes a lot of sense. If the company meets its projections, the stock should rise but how much is the question. This stock is going nowhere for another year.