RE:RE:RE:RE:Mcewen undercovered
Not getting paid anything, I have a position in MUX. Naturally anyone in this forum should have a position other wise what are you doing here ?
Im not getting paid anything however for making a comment on a forum. Most ridiculous thing I have heard all day. If I was getting paid to make posts I'd be posting stuff all day.
However you cannot overlook the opportunity in front of you. Stock market is forward looking Mcewen should earn .11 cents per share in 2015 and .18 cents per share in 2016.
If you believe gold will be moving upward over the time line those earnings will be rising. Stock is going from no earnings to positive earnings. This is the time you can make an investor out of your self and put away your spectator boots. When gold hits 1900 Mcewen will be trading at $12.75 here is the gold to mux scale.
1.25-1000
1.41-1100
2.83-1200
4.20-1300
5.66-1400
7.8-1500
8.5-1600
9.91-1700
11.33-1800
12.75-1900
14.6-2000
15.58-2100
17-2200
18.41-2300
19.83-2400
21.25-2500
Numbers are based on 2015 production of 170,000 gold with a cost of $1000. PE of 25 which is a common PE. SLW has a 28 PE. Putting aside the PE for a second if we can get to our 2016 production target of 290,000 that would help the stock reach higher prices. I have not included the potential for a higher production. Numbers are based on a 2015 production of 170,000oz Au.
When you reply I hope you have something smart to say..