Post by
Buckfinder on Nov 24, 2022 3:11am
short term price target: 4,5 cdn (long term 10 cdn) - why?
The stock traded at a high of 4,03 cdn - at this time we...
a) had no new bonanza drill holes announced
b) no CRD system announced (gamechanger)
c) no 5,5 mio shorts (speculatiing that Equinox due to lack of money will sell some IAU - with the latest news that Equinox received 100 mio. cash otherwise this speculation is over... remember that i-80 always said that Equinox wished to have not only 25% but even more like 50% participation in i-80 !!!) - the idea of the shorts maybe made sense but now the coin flipped in the other direction...
Long term because every project plus the CRD system could be 1b market cap each... so 4b market cap is not someting unrealstic => would justify even a stock price over 10 cdn above all with gold, silver, zinc, lead at higher prices (which is not unrealistoc too).
AND: all is in NEVADA with thier on mill being build (++ factor)
My belief is that this stock will be taken over in the range 6-10 cdn - too interesting project for a major to ignore :-) size, mill, jurisdiction - every box is ticking right
GLTA
Comment by
metalhead666 on Nov 24, 2022 6:00am
Yep...everything you wrote is spot on. The other thing is the near constant stream of catalysts. They are advancing everything very quickly and very efficently. When it all comes together the goal of being a multi mineral 400k ounce producer might well be a conservative target. Have to love everything about this.
Comment by
cyber37 on Nov 24, 2022 11:48am
This company looks like a good prospect.....& I will be buying after gap at $2.94 from November 14 is filled. Need to move from a good ride I had with KNT that is rather stagnating lately. IMHO i-80 looks promising & it is a buy after this current overbought trend corrects itself; if not .....well there is always something alse. Thanks for the info here. G37
Comment by
NineLives on Nov 24, 2022 12:47pm
Yes it's a very good company. Gaps only need to be filled if a stock is purely moving on TA. Fundamental principles ignore gaps and work on the laws of supply and demand and value. IAU has always traded on fundamental values. The bigger the grade and widths the higher it goes.
Comment by
goldstd69 on Nov 24, 2022 7:53pm
I fully expect a bidding war once an initial offer is made to buy out IAU...but I have been wrong before many times...there just seems something special about this company
Comment by
yureja28 on Nov 25, 2022 1:44am
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