Will Be Taken Out at $0.50Insiders own a huge whack of shares.
Liquidity is very lite so there is no way that they can monetize their investments here short of being taken over.
SBI has very attractive fundamentals and a solid balance sheet and very high grade reserves and AISC in the lower 15 %..
The US economy is slowing down which means that the FED will not raise rates eny time soon and probably for another 2-3 years.
There are outlandish estimates of gold reaching $10,000.
My view is that gold will hit $3000 per oz over the next 1-2 years.
At current prices, fair value would be about $0.45 per share.
SBI will go higher than that if POG heads for $2000 whuch is almost inevitable...