RE: Nanotechnology--I prefer $4+/share NET CASHWow! Quite a step from the article I posted a few months ago on the trend of adopting copper sinks in high end homes because of its antibacterial quality and luxurious look, but I will take copper usage where I can find it.
Bottom line: You have a company that has over $4/share NET CASH in the bank that will grow to around $6/share by year end (find me another company with that balance sheet). This company is also increasing production and lowering costs this year with addition of 100% owned zero cost Duck Pond to a near doubling by 2009/10 with Andacollo expansion and its 60,000 oz/year/gold by-product. AND ALL THIS IS BEING DONE without dilution or debt because of the aforementioned huge cash stockpile. Last year I predicted earnings in 2005 of $1.81/share and AUR came in at $1.80 (after $1.34 the previous year). This year AUR is on track for $3+ earnings or another 40%+ growth rate and will do the same in 2007 after a full year of Duck Pond adds near $1.50/share to earnings alone.
$25 by year end, $50 by end of 2007 and triple digits by $2009.