GREY:OLEPF - Post by User
Comment by
1sanman1on Feb 01, 2013 5:22pm
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Post# 20927104
RE: RE: New Math Formula = $2.24
RE: RE: New Math Formula = $2.24 Tony I have the upmost respect for your contribution on this board but correct me if I'm wrong the value of the company is not the same as the value of gold, I believe that when your investing in a company you have to value the company according to the risk, but I think that the company that purchases this property is not parse buying OLE but the gold in its property and based on what you are saying the market price of gold is X, that is what people are wiling to pay for it, I'm not saying that they are going to pay market price per Toz, they have to account for profit but I like to think that based on the amount of gold that is in the property this stock is well under valued so the price of the stock as it stands will not have that much bearing on the BO price. Please comment and correct me if I'm wrong.
PS: I'm not expecting to get rich out of this but I do think that 1.50-1.70 is a bit low.