RE: RE: RE: Ahead of itself? . . . value excl Pros
My financial model says the same:
At 1.90 copper and 1.35 per lb costs, Gib is worth about 2 bucks a share. But that is far from proven. At the same copper price and gold of 900, prosperity is worth another 2. so say that the risk to gibs production costs will equal the upside of prosperity, and probably they both have equal weighting in opposite directions, you have a 2 dollar stock. Since copper is likely not goingn to stay around this range but should get to a more historical average mean, like 1.50, the stock is worth 70 cents, and prosperity 1.50, so there is in fact considerable downside.
I think its a sell at 2, and a buy at 1.50, but that could change as the market pull back from this rally.