GREY:ICMTF - Post by User
Comment by
green24on Jul 11, 2012 8:46am
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Post# 20101160
RE: RE: RE: In play: LOL
RE: RE: RE: In play: LOL They were just examples for relative valuations. Another might be SFF. I think their in situ holdings were valued at less than $5/oz Au - but they have country risks these other two don't have.
As for BGM and NKL, I only tossed them out as I was familiar with them, having owned both recently. I agree about BGM - which I do not own - it is a gamble. The 43-101 NR appears to be nice, but until they actually file the report and let everyone else see it, we just don't know. Kind of a red flag that they didn't file it immediately in my book.
If I'm not mistaken, the average in situ valuation is about $40/oz Au for junior explorers now, so ICI has just climbed back to the average valuation from quite undervalued levels. Now, should they be at/under/above average valuation levels vs their peers? That is for you do decide.