OTCPK:RIDYF - Post by User
Comment by
GuyInPhoenixon Aug 08, 2014 8:04pm
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Post# 22824421
RE:Is $3 unrealistic in the near future?
RE:Is $3 unrealistic in the near future?Hi, TerreMoto
I think $3 would be a reasonable near-term target, which is why I held on to the position, even though it is short term overbought. Unlike a lot of other gold juniors, you can actually put a multiple on the earnings to get to a higher share price. The $4 target that is in some of the analyst reports sounds quite reasonable -- especially if we finally get the wind to our back and have another bull run in the mining stocks.
Have a good weekend.