GREY:AVGCF - Post by User
Post by
art27on Feb 20, 2010 2:49am
495 Views
Post# 16802559
The numbers will soon speak the truth
The numbers will soon speak the truthI don't understand what is all the fuss and armagedon about ? Don't we produce gold at a cash cost ~$500oz ? Don't we produce 8,000oz/month ? I would be worried if right now gold traded at $700. I think some people are blinded by the general market behavior and don't see the reality. AVR is a fantastic developing story. Look what they have achieved in just 2 years. They have come from nothing to achieving production of 51,000oz in 2009 and I bet they will achieve 100,000this year. Just make your counts and see for yourself. I conclude that with POG $1100, cash cost $500, production 100k oz/a and 300mil shares this should be a $2 stock rather than .60. And they say POG will rise to over $1300 this and next year. These numbers will reflect strongly on our balance sheet. I say if they keep delivering as they did in 2009 we will see the stock close to $2 by the year end. They plan to spend $10mil on exploration this year alone. With the recent acquisition, solid cash flow, and a .60 SP I don't see much risk here folks. I know the real value here :)
Art27