GREY:GRFJF - Post by User
Comment by
mlmackon Dec 16, 2008 9:09am
433 Views
Post# 15648171
RE: Back in the money!
RE: Back in the money!With 2009 projected earnings of $.30 for $800 gold, 1/3 of the production hedged at $800 to protect the downside, 100,000 oz unhedged for upside potential, a 14 year reserve life, a great management team with $45 million in cash now buyuing back shares, a very safe jurisdiction the US, production costs falling with the price of oil, etc. etc. Let me know if you can find a better investment.
20 * E + cash gives me a target value of $6.35 US, cut that in half for the turbulant markets and you get $3.20 US or $4.00 Canadian. The most undervalued/safe producer in the gold index !!!