Post by
materialsgirl on Aug 08, 2013 10:35am
$3 target price
<br /> CIBC apparently has a $3 target on ANV as of this morning. There are questions about ability to pay back debt and Hycroft is a big question mark at todays prices.<br /> <br /> Most investors grasp the underlying story. ANV will be a monster winner in a high price gold market. ANV will likely be gone within 3 or 4 years if gold hovers around $1,200.
Comment by
metylman2000 on Aug 08, 2013 1:25pm
I'm sure CIBC has no alterior motives in giving a $3 stock price either (like buying shares after they attempt to drive the price down as low as it'll go). I'm with you....should the gold price increase (even by $200, going over $1500), ANV will again gain the attention of the crowd looking for miners who will gain the most leverage in a rising gold market.