Post by
Silverichman on Jan 29, 2021 5:20am
1/4 of the float is shorted right now...
I have been an AUMN-shareholder since 2011, as my ECU-shares were taken over by Golden Minerals. By that time, AUMN was trading at around 27$ (USD), the market cap was at around 1.2 billion (USD). Of course we saw quite a lot of dilution since then (however, the company remained debt free), but of course there was also inflation in the last 10 years (massive money printing in the last months should be noticed). Nevertheless, the market cap of AUMN is at 100 Million $ (USD) right now, so if we think that silver could touch 50$ by mid 2021, I strongly guess that we will once again be at the old 2011 market cap. This would be a 12-bagger from now. But Gold is rising and should be higher by then, making it possible to see way higher prices. Then there is inflation, so the new market cap should be higher... a 15-20 bagger at 50$ silver would be a possibility, bringing us to about 12$ by mid 2021. This is a possible calculation. Now let's say that Barrick finds something noticeable at the JV property and add that "extra" to the share price... I think you all know where I am pointing towards...
Comment by
RareEarthMan on Jan 29, 2021 6:39am
An excellent reminder for us longtime shareholders (also via the ECU takeover for myself) and good guidance for newbie shareholders and board lurkers on the potential returns for AUMN should gold and more importantly silver prices accelerate over the coming months. GLTA. REM