Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:RE:Company valuation

[Mindsurgeon]

This is a junior mining company that is about to hit production. I'm not sure how familiar you are with the cycle of mining companies but typically companies like these about to head into production go through a significant re-rating as they have significantly be de-risked. Also the the FS was very favourable. Some basic math for you:

When the feasiability study was done $1700 CAD gold price, now its $2400 CAD, on a million ounce reserve thats an additional $700 million dollar of additional cash flow.

I typically do fundamental analysis on my stocks so level 2 info is not really relevant to me.

Yes, while I agree this is "speculative" but in order to do proper analysis you need to make assumptions which all analyst do and not just look at corporate presentation on old info. This is how you find undervalued stocks.

I will let time play out and we can see if I am right as well as all the other 'pumpers'