GREY:PGDIF - Post by User
Comment by
mill44on Feb 09, 2016 12:37pm
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Post# 24540030
RE:RE:RE:Your discussion G
RE:RE:RE:Your discussion GCudjo's view is clearly quite pessimistic, but he has a few things going in his favor. First would be the need for a lot of funds to take this to the next level, even without further exploration. The second is the latest result. If you ignore the breakage, there is little in there to change the market's mind. But again, his case will only work if the Friedlands abandon the project alltogether.
Your view is very optimistic. Even with a very positive breakage study and better than expected valuations, the supply at 15-18c is huge. Go further to 21c and it quite possibly doubles. For your targets to become realistic, the Friedlands have to announce a streaming rights deal or similar.