GREY:GRFJF - Post by User
Comment by
mlmackon Jan 21, 2009 7:18am
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Post# 15717786
RE: BMO Report
RE: BMO ReportBMO must be expecting a very large increase in the price of gold. WGI's gold hedges were marked-to-market on Sept. 30, 2008 at an $885 gold price. I believe the price on Dec. 31, 2008 was around $875 so they should show a minor gain in Q4.
The news this week was very disappointing, the company will have to wait another year (2010) to hit it's full potential. Anyway an updated Corporate Presentation is now on the company website showing 2009 cash flow of $.35 with gold at $850. 8X cash flow gives a $2.80 stock price. Still lots of upside potential.