RE:RE:What is "Fair Value" you are looking for?bestdeal wrote: I would tend to agree. Very early days in this new bull market. Management are not stupid and they will get fair value and it is multiples of current price.
I think at this stage fair market value is the price at which each lot trades. Really fair market value means what a buyer and seller both think is a good deal.
That number will change as we move closer to pfs, not sure if its up or down from here, many people get wind of things and that could induce a buyer or seller to push the SP.
This is all speculation in the end and you should never forget that. gqc seems to have a reasonable chance,
The peak of $2 was mentioned, that was at a time when gold was at $1700+ and the drill hits were really good. The venture was at $1700. Gold is at $1270, venture started the year below 500. But that's not all....
This stock was stuck below $0.10 until the april revised pea. The original didn't really support a profit with the gold price at the time, the revision moved us from the .10's to the .15's. But there's more.
Obviously lately Rob McEwen has put this stock on the radar for many people. If he believes in it then they will follow. He's already laughing becuase he's in at an avg of around .11. Nice!
So here we sit at .24, there were some short term (penny flipping) signals to sell a couple days agoo. But we got a huge bounce in the morning today becuase someone wanted in. I can see at fib retrace into the .19's, but again, that's a guess and you don't know who else decides this is a stock to own that has some deep pockets.
Do your research, make your decisions, then hope and pray. :-)