Avion Gold Corp AVGCF

RE: lets play call the close

[ziggy19]

Gonna have to side with Shingstar here, trying to guess the price short term is a mug`s game. Things making it very difficult here is of course manipulation and also the huge run we`ve had makes it easy for those with huge profits to work the stock and be satisfied with 10 cent gains along the way. So short term Shingstar is correct but there can be no mistaking long term and that`s what Shingstar is trying to point out that long term this stock is a winner.
Here`s my take, we have earnings but from a market standpoint we are a fairly new entity and not yet proven so what kind of multiple is the market comfortable giving us, right now it looks like we could be at 16 cents earnings on a yearly basis and given our lack of track record we are given the low P/E of 10 but as earnings increase and as we constantly continue to meet expectations the market will be comfortable adjusting that P/E higher to 20,30, and eventually 40. In my opinion we are probably at least 3 yrs away from getting a 40 P/E and by that time we could be up to 40 cents per share earnings so in my mind the low is 16 cents x 10= $1.60 and the upside is 40 cents x 40= $16.00.