TSXV:AMG.P - Post by User
Post by
dave4275on Mar 18, 2011 2:06pm
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Post# 18306671
Bought more this week
Bought more this weekBought more AMG yesterday and this morning.
The more i research the company, the more i like the valuation.
Companies' gold reserves are valued between $30-200/oz in buyouts over the last year.
This company already has close to 2 million ounces and will very likely increase that by several hundred thousand, if not over a million ounces this year.
As long as gold doesn't get completely hit this year, i can't see any reason why this stock is below $1.50 by year end, even with 10-15 million shares of dilution, assuming they have to raise $5-10 million.
As long as this stays below $1, i'm loading up.