GREY:ABGFF - Post by User
Comment by
morriconeon Mar 18, 2010 10:45pm
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Post# 16901322
RE: American Bonanza Featured on J
RE: American Bonanza Featured on JThe fact that the current ore body is small and the mine life limited with uncertainty over where the company will in a few years time makes this company undesirable from a takeover point of view and that in turn does affect the stock price today and into the foreseeable future.
With that in mind I don't think it's unreasonable to wonder about any upside potential to the resource looking into the future. There's no shortage of other companies moving rapidly towards operating mines and I don't think it unreasonable to keep an open mind and compare this company to others to decide if this is the best place to keep some money in.