PATIENCE: THIS IS PURE GOLDBeen a while since I posted since I am enjoying the green wave, always nice to see things turn out as predicated based on facts and financial analysis.
Based on the announced forward guidance, this will hit $ 40 CAD before Reserves update (that is the next big piece of anticipated news everyone eager to see) come February 2019.
Will be interesting to see how the Q4 financials play out, where I estimate at a minimum $ 70 M USD of net income. The net income quarterly figure will rise exponentially throughout 2019. See the post I made about the PEG ratio close to two months ago. This is playing out exactly with the organic production growth.
Brian Quast @ BMO today issued another note correcting his SP target from $ 30.00 to $ 32.50 CAD...well Brian that one has already been surpassed after today's close. When will you guys at BMO learn?
The forward guidance released today is out of this planet (AISC of $ 630 to $ 680 for 2019; this costing does not exist anywhere - at any company in the world - producing 700,000 oz.) The margins are incredible. + 1 cent dividend increase to $ 0.04 after-hours press release...I was hoping for the even nickel...but this is fine.
Amazing how the news just keeps on coming. Today's press release was a total shocker. I was already exstatic on Nov 30th when reading that news, and then today an added bonus.
Would be nice to get more drill results out before Christmas!!
It is amazing that no major has pulled the trigger, althought as written in many other pieces, the only one with deep enough pockets, and who can afford the dilution, is NEWMONT.
But, far better to stick it out alone and ride the golden wave up.
I ALSO WANT TO KNOW WHERE PROUDITALIAN IS AS WELL AS THE "INFAMOUS" PASSIONATE PIPER/BANNED/DUEDILIGENCE/BANNED4EVER FOR THEIR UNIQUE COMMENTARY & WORDS OF WISDOM, ESP. PROUDITALIAN.....aka Mr. Barrick Gold.
Banned was advised countless times to buy. Reminds me of my mother who never bought again this past fall and missed the boat at $ 23.50 CAD after the delisting of the GDXJ...sometimes people never learn when an opportunity is in plain sight.
I am glad others read these posts and have made big $$$ along the way.
Tony and his team are absolutely excellent in every facet of the business; and Eric Sprott, if you are reading this, pure genius work. Yes many were critical of Novo, including myself, but this has been discounted out months ago.
Well done and Happy Holidays to all. May the new year bring continued SP appreciation and a nice ride up to $ 40.00 CAD +, health, and prosperity for all long shareholders.
Regards,
JIN