GREY:PTQMF - Post by User
Comment by
Bobwinson Aug 20, 2010 12:33pm
280 Views
Post# 17369268
RE: RE: rough number crunching
RE: RE: rough number crunchingBig selldown today. -.045 to C$.455. Bought a few more. I think the worst is definitely over but the positive news will take time. We have averted bankruptcy but need to prove that we are profitably producing 70 to 80,000 oz/yr. The annual report may not answer all questions as the mill/mine is still in the rampup stage but hopefully will show PTQ is headed in the right direction. There is no doubt in my mind that once we prove up our production, the shares will go much higher. Comparable producers are valued at 3X current share price. As the gold rally continues, investors will look for bargain priced producers. PTQ is definitely in that category.