Did I miss something?I consider myself a patient investor. I try and be disciplined and avoid reacting to daily ups and downs.
However, I cannot understand how this stock traded for $2.4 6 weeks ago and now sells for a $1.40 now.
What's driving this so low?
The "pipe dream" price of this company is about $30 (on a 5X P/E basis) if you assume Casino in production with $3 copper and $1000 gold. I'm not expecting us to reach $30....but given the assets in place I can certainly see $10 in 2-4 years depending on market conditions.
CIBC has their ~$6 price target.
Why is it selling for a $1.40???