GREY:AVGCF - Post by User
Post by
JonEcashon Apr 21, 2010 1:28pm
304 Views
Post# 17015756
Kitco
Kitcois showing that per an online poll 93% of investors believe gold is going to fall. Which IMHO means gold is going to go UP instead (being a contrarian can be profitable). And gold is currently working to get over $1,150 right now.
Per that Bill Matlack list, small and micro cap golds are ON AVERAGE being valued at 11 to 18 times expected 2010 EPS. AVR is probably going to hit 12 to 16 EPS for fiscal 2010. This gives a valuation range of $1.32 to $2.88; which is much higher than what we are at right now.
I'm still a a little ticked that I bought shares at
.79 last week, but grabbing another 15K at
.69 this morning helps.
J$