RE:RE:Raymond James Ruins It For Marathon GoldThere's not a single soul who likes dilution but I've never seen a mine yet built without it. You don't own any gold miner without consideration of the future gold price. We are going to have a global recession or hyper inflation....both roads lead to higher gold and at some point greatly higher gold so that's in my model. Tell me...when all is said and done and MOZ pours its first ounce where will gold and the share price be? At current gold price the NPV is a billion $....1x that should make it a $4 US stock. At $2500 what will the NPV be? At $2500 gold in 3 years MOZ will generate nearly $300 million US in gross profit per year!
The fact that it hasn't re-rated higher yet isn't a negative it's an opportunity if you look past analyst notes for the short term....At a minimum it should and will trade up to 1x NPV or $4 and by commercial production time with $2500 gold it is worth double that. At $3000 gold it's worth 3x to 5x it's current price. So for $2 US I'll gladly buy your disappointment and look forward to selling them in a couple of years for 5x this.