PINL:VLTAF - Post by User
Comment by
ALLEN4on Apr 11, 2013 3:40pm
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Post# 21243481
RE: RE: Goldman analysis
RE: RE: Goldman analysis No way, absolutely not. Look, I held onto this through $2.40 for a long time because I thought it would ultimately be worth more. And realistically I may have to adjust my expectations downward given current environment, but ho way would I be happy with a buy out at those levels. Look at EDV. Its a great little company in West Africa with a couple of producing mines. But its market cap is ten times the size of ours. Once we start production, there is no reason we cannot be a 500 million market cap, and even more in better market conditions. So I am counting on a ten bagger; in a better market we were worth close to $3.00, and we have target prices in that area, so it is not unrealistic at all. I am bullish on POG and I guess that is why most of us are here. We have huge leverage to POG. The leverage works both ways, up and down. If POG resumes its bull run and the mining sector recovers, we will recover a greater percentage because we have been beat up by a greater percentage, because the nature of VTR is that it is highly leveraged to POG.