GREY:ATNAQ - Post by User
Post by
Tradernickon Jan 15, 2015 3:55pm
524 Views
Post# 23324905
Production Guidance
Production GuidanceCompared to 2013 actuals, and anticipated 2014 production, Briggs continues to underperform. In 2013, ATN production forecast for 2014 for Briggs was 40,000 - 45,000 oz, but actually will be closer to 25,000 oz. Similarly, 2015 Briggs production forecast is 25,000 to 30,000 oz. They aren't 5%-10% below forecast -- they are 30% below forecast and this is what is keeping their share price from advancing further, faster. Guidance for September is $0.45/share, whereas they should be at $0.75/share and that is without spot gold doing what is expected. There is a $2.35 target on this....let's go!!