TSXV:AUN.H - Post by User
Comment by
JonEcashon Mar 07, 2008 12:26pm
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Post# 14614934
RE: An other great post from JonE
RE: An other great post from JonEWhen I do my cash flow estimates, I always do it on a CONSERVATIVE basis. I used $16, $1.05, $3.25 for silver, zinc, and copper respectively since that is what certain institutions like UBS or CIBC World Markets had stated the AVERAGE metals prices for 2008 to be. An average means the prices can go up or down.
Did you listen to David Morgan's "Beware The Ides Of March" audio on Kitco from March 4? He's a huge silver bug, and yet he claims that the current price of silver is a "blow off top" that will most likely need to pull back violently to $16 in the not-to-distant future. Here it is:
https://www.kitco.com/temp/demo/kitcoradio/
That further uses the conservative $16 price rather than today's $20 price.... I cold do it at today's metals prices, but personally I don't think they will stay this high ALL YEAR IMHO.
J$