RE:Fundamental Research Initiates Coverage on SICGoldjknf wrote: Fundamentally - very conservative - Nonetheless - Good Article - Fair Value at $0.60 trading at $0.32, no brainer everybody, load up and hold!!!!
What have all the longs been saying here, buy and hold!!!!
I have never liked a Gold stock so much before, and too many blind/ deaf and dumb people out there!!!
GLTA longs JKNF
I have been a LONG since FY 2018 however note the following:
1. The fair value of SIC by best measure for a junior with zero measured/indicated resources let alone any proven reserves and no cash flows is the trading price of shares which is $.32. This is the price at which market participants have agreed as to fair value.
2. The article sets a price target of $.60 and does not say the FV is $.60 today. In any event see No. 3.
3. Setting price targets on junior miners with no cash flows and those (such as SIC) which has no measured/indicated resources let alone proven or probable reserves is completely bogus. These types of reports are a good summary of a company and provides some type of wild guess to clients/potential clients on a particular junior.
4. SIC could drill one hole which is similar to NFG and be trading at $1-$1.50 by this time next week. Or maybe we get some great holes from Golden Hope. My point is only GOD knows what is in the ground.
SIC is a great value play with blue sky potential. However it is a junior miner and full of speculation ect. Do not take these write ups too seriously since the author has no clue of where SIC will be a year from now.
The market is the ultimate judge.
GLTA
BC