GREY:HRIVF - Post by User
Comment by
ThyFishon Sep 17, 2010 11:27am
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Post# 17460969
RE: RE: RE: RE: Severstal Gold IPO Presentation
RE: RE: RE: RE: Severstal Gold IPO PresentationProud, I agree with you 100% that as of right now that $1.92 is a fair valuation. There are a lot of uncertainties surrounding mine life, Prognoz and Severstals intentions. I was definitely illustrating some positive forward thinking, I believe Prognoz will move in our favor and I also believe that the drilling results that haven't been released will increase our production beyond its current state. I am very long HRG and I'm looking beyond the next 6 months, my comments were stated because I feel all this info is being withheld to keep a cap on it and we might see an offer shortly......
Nova, do you believe my valuation of $3 is far fetched?? As earnings increase qrt over qrt and debt is now non-existent....what do you think our P/E ratio should be?
ThyFish