OTCPK:MAGNF - Post by User
Comment by
the_oracleon Sep 07, 2010 2:32pm
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Post# 17420796
RE: $1.06
RE: $1.06I agree, Market is really picking up now.... Bullion trading at 2 x its price three years ago.
Deals in the gold sector have reached more than $35bn in 2010, nearly three times the level for the same period last year.
An optimistic target for Magellan would be one similar to Andean and the fundamentals of the Cerro Negro property. Which has been transformed from a small gold project into a world-class mine with the potential to double or triple its gold and silver resources over the next couple of years.
Although a lot of speculation still surrounds Magellan and Cuiu Cuiu the external conditions are there to encourage the share price to perform.