RE: RE: MAJESTIC- top SILVER play, $55 a share Agree there is considerable upside potential to this stock's price, as just about everybody also agrees.
For $55 to be reached we'll need $60 silver, an 18 multiple and a net profit as a percentage of revenues of 38%. Plus reasonable stability in Mexico, no higher taxes or royalties and no increase in the share count due to acquisitions...and for JPMorgan and friends to lay off their price surpressions for silver to get to anything north of $30 and stay there.
Many an "IF" between the cup and the lip, but at $10 per share and $22 comex silver not an unreasonable speculation, or so I have assumed...