GREY:GRFJF - Post by User
Comment by
nwtfeon Oct 31, 2007 9:49pm
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Post# 13730007
RE: We are all here because of the
RE: We are all here because of theI blame it on the stockhouse mentality. Unless a stock moves up 5000% (TIM) nobody cares about it. Truly astouding! Many people on these boards fail to understand that doubles and triples over the short term are the exceptions and not the norm.
We are up over 40% on WGI in barely 3 months. That is an absolutely incredible return. This is a fully financed mine with proven management that is ahead of schedule for commisioning in a politically safe environment with great exposure to the rise in gold price. And, it's the only mine of its size in the US that is not controlled by a major.
WGI will commission in January 08 and they will likely prove their total reserves to about 4 million oz's by year end. The kicker here, as uncviper has pointed out many times, is that their is a chance that we could strike some real high grade deposits in our exploratory driling. But forget about that. Consider it the gravy. Without a massive find, I would still expect WGI to trade around $4.50 - $5.00 by January. That's about 25% upside from today's close.
If you're looking for better, you may want to look elswhere. Just remember, there is no reward without risk. The greater return you are seeking, the more inherrent risk you are assuming. This may not occur to you when we're moving up, but I guarantee it will enter your thoughts on the way down.
Sorry to sound preachy. I know that people make lots of money with many different investing strategies and I wish all of you the best of luck in whichever ones you employ. But can we stop complaining about only being up 40% in 90 days?