GREY:HRIVF - Post by User
Comment by
Olderwisernowon Apr 01, 2008 1:43am
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Post# 14925360
HRG is just like Eldorado on this news
HRG is just like Eldorado on this newsI posted on Eldorado a summary of what you look for in a growing precious metals/mining company, just after it dropped on their 2007 results. The usual suspects sold on the results, probably after reading two lines of it, and having about as much forsight as a plant. (maybe the plants have more?)
What you look for in these situations, at least what I look for: growing reserves and potential for same to continue (HRG has that), increasing production imminent (HRG has that) , average price realized growing faster than costs per ounce (HRG has and should have that in 2008 as their average cost received looks to rise substantialy more than projected costs)
When you look at a double in production, excellent chance that average dollars per ounce net increases, this is going to be a substantially different year.
My prediction for 2008: HRG will exceed $5 per share at some point in next 9 months, and if gold price rockets, could be substantially more. This without any big news, takeover bid etc
That is how I see it. Just like Eldorado: the gold pull back and financials are presenting folks with an excellent buying opportunity. Sellers at these levels seem daft to me, but they obviously see it differently. Lets see who is right over next months.