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Bullboard - Stock Discussion Forum Seafield Resources Ltd V.SFF

TSXV:SFF - Post Discussion

Seafield Resources Ltd > SFF Updated. Valuations down to $39/Oz
View:
Post by deadlock on Apr 27, 2012 8:38pm

SFF Updated. Valuations down to $39/Oz

We have published our updated junior gold comparison table for the month of April.
Valuations have collapsed below that December low but Friday it was announced that
Iamgold would buy Trelawney's gold project in Ontario at prices in excess of $100
per ounce.
While this is far from the norm, it clearly indicates how oversold the sector is
and the growth opportunities that exist once the gold stocks recover to even a modest
level.
The link for the complete article and comparison tables is shown below. It will also
be on the Stockhouse home page over the weekend.
Danny Deadlock
for Stockhouse Ticker Trax
Comment by RetiringYoung on Apr 27, 2012 9:05pm
This doesn't sound good at all:   Also junior companies have "done" it to themselves to a large extent by learning how to manipulate 43-101 calculations such that it is fairly common to see one million + ounce resources today, but when the metallurgy and other factors get applied these resources often shrink like a raisin in the sun, often by 60 to 75% - a perfect example of ...more  
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