RE: RE: Definitely not one of my better buysIf gold can stay over 1700 and copper over 2.80 for 2 years, ORA is still a good buy here.
It may go to 0.65-1.00, but I don't believe it will happen. Bad news were already priced in.
Really? How do you come to this conclusion. You sound like someone who is trying to rationalize a poor pick. There are tons of gold/copper prodcuers who are heavily undervalued at present. Do you think this stock actually has better upside than any of them?
A good buy is the company that has the best upside potential assuming risk is similar. You keep holding the bag all the way down telling everyone they are stupid for selling.
They blew their load. Thats it. Cut your losses before they widen IMO. Thats what I did. Earnings will be crap for a long time. All gold mines are toast. Aranzazu is ok, but its hardly a cash cow even at peak performance.
Araprica is a very strong asset but without the ability to bring it online its worthless. I can show you 20 different companies that have a better asset but are toiling because they have no way of bringing the project on by themselves.
Undevelopable Araprica and a little aranzazu cash flow. If im wrong please what are the best case earnings of this stock 1-2 cents at best versus long term downside risk.