RE:My first posting here.......Wow what a sleeper !!
I am reposting with excitement...........to share with the new comers.............my 30 years of investing in the resource sector...............
When new bull markets in a commodity gets moving...................the price gets way ahead of the stocks as they lag ...............still stuck in the emotional mindset of the bear market...........
MGM is such a project.........................the 3 million ounces in the ground should already be reflecting a 3 mill X $50 per oz, or a 150 million market cap............We are at $41 mil market cap......
Many other companies with significant historical ounces in the ground.............have already responded..............whereby the existing shareholders have wiped off their bear market tears and refused to sell........at fire sale prices.............new buying has to reach for paper that get's limited in supply and prices must rise !!!
We have just started to notice this in the MGM market place............paper under 20 cents will soon be a fact of the past ............
Resources that are still open on all fronts.............are going keep growing............5 or 6 million ounces out of Douay.............in not inconcievable...........LIke Fred said...........other targets on the fault haven't yet been scratched !
An OSISKO 2.0 is on the horizon........without me souning overly promotional !