GREY:KXLAF - Post by User
Comment by
ngobeon Nov 08, 2011 9:47am
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Post# 19218161
RE: Valuation Estimate
RE: Valuation EstimateI agree for a junior in Canada. Look at the valuations for GCU for example. They have not even had a resource estimate and the last analyst estimates were for about 4 mil ozs putting their target at about $4 or 400 mil market cap. PDG is ahead of them in that respect with a good size resource already (and everything else roughly comparable at this point except maybe blue sky potential). Plus if you look at the technicals we have a reverse head and shoulders pattern with resistance at 0.75. Once we break through that we could quickly move to as high as1.25-1.50. We may or may not have to wait for PEA as a catalyst.
If PDG can prove up 1 mil ozs more (i.e., 5 mil ozs or more total) that would put them in a new league with even better valuation.
MHO. Please do your own DD.