GREY:PGDIF - Post by User
Comment by
Kidlapikon Dec 31, 2013 9:37am
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Post# 22048022
RE:RE:RE:Valuations in Q1 2014
RE:RE:RE:Valuations in Q1 2014Honestly this is what worries me. There are so many people under water with PGD right now that when those valuations are released there will be a TON of shares up for grabs. Even the people who are bullish on PGD know that it takes a long time to get to a mine and will be tempted to try to dump some shares as most news hits a peak then retracts due to the Juniors market right now. How many times over just the last year could we have sold above $0.50 and bought back in mid $0.30's?
At this point PGD absolutely HAS to hit valuations above $200 to get any kind of interest as everybody keeps mentioning that figure. If they come in below $200 everybody is going to say oh it is a bust even though $175/carat is still very good for the carat/ton and there are other economic pipes that need exploring.
If the market price does not get a big jump from valuations how will they raise the funds to get to the next stage in a market where $1-billion in proven resources (DO-27) nets you a below $80-million value. These are the questions that keep me up at night.