RE:Let's Hope The "Anaconda Bleeding" Ends TodayNLMoose wrote: In spite gold going through its great run, while other Newfoundland and Labrador Gold stocks have been moving up lately, Anaconda Mining is being treated like a "Black Sheep" as their stock has declined for nearly a month, and losing 1/3 of its peak November value.
If there is any Mathematical and Financial Justice, after Anaconda Mining discovered between $600 million and $5 billion worth of gold at Goldboro, this stock should be at least $5 - $10 a share, NOT 50 cents a share.
Its time for the "Anaconda Bleeding" to end.
It's obvious to everyone that Anaconda is very undervalued presently. But please stop embarrassing yourself with empty comments and elementary school mathematics.
You boasted a while ago that you had a strong background in finance and that you had a great understanding of NPVs and IRRs. We have a DFS that gives us a NPV of 328M$, and you want investors to value Anaconda between 900M$ and 1,8B$ ($5 - $10 a share). Of course, it would be worth more if gold moves to $2,200, but it could also go back to $1,300.
I'm not selling my shares because I hope that Goldboro will continue to grow and reach its full value once we reach production.