The Peanut Gallery -How about we clear the air with a few comments from the peanut gallery?
Management has both publicly and privately stated that the company and its properties are NOT FOR SALE.
Management has publicly and privately stated that it is way too early in the process to even consider a sale and that they are well capitalized for the next 2-3 years.
Management canvassed their shareholders that hold larger blocks of shares and were overwhelmingly told that they are not interested in selling their positions.
MAG is an early stage explorer, PAAS is producing. How is it that posters think that they have the credibility that means anything to anyone other than themselves in valuing one based on the other? The market will tell you what an explorer is currently worth, and assuming that the market is aware of the details then guess what. MAG has finally got some market exposure and is now on a number of radars, so hopefully they continue to explore, find reserves, and increase shareholder value.
RJ released their coverage on MAG dated Jan 26 2009 and state:
"We are maintaining our STRONG BUY rating and $14.00 target. Our target is
derived from a $12.80 NAVPS and a 1.1x P/NAV multiple. Our NAVPS is
predicated on a US$3.50/oz metric applied to a 336 mln oz AgEQ resource.
Our P/NAV multiple continues to reflect exceptional exploration potential,
solid financial position, quality management and a historical 1-2x P/NAVpremium typically exhibited by precious metal equities."
I think that most people that post on this board would have to agree that RJ analysts ( regardless of their in-house reasons) are better at evaluating current value then most poster on this website. The value of what MAG may be worth in the future is subject to each persons individual assumptions, hopes and expectations. This is part of the reason why there is a market to trade within.
Oh and by the way, you can always put Orville on the ignore if you can't understand why he is posting.