Comment by silvereagle80on Jul 05, 2022 2:03pm
358 Views
Post# 34802606
RE:RE:Silly valuation!
RE:RE:Silly valuation!I have been involved in gold/silver off and on for 50 years. I was fascinmated by small miners in the 1960's who's stock price went from $.04 to $400.00 a share. The real information was not readily available so the wheeler dealers could run the stocks to unrealistic levels..Eventually the pendulum swings in the other way and the stocks eventually are underpriced. It was not too many years ago that ATAC was almost $10.00 a share. It is now less than $.10 a share. The gold is still in the ground to support the $10.00 but the market currently gives little credit for gold in the ground. Seabridge (SA) has over $1,700 resource in the ground for each share and the stock price is $12.00 per share. Over the years SA has increased the resource vale over 900% and only increased their # shares of stock by 100%. One of the posters showed a resource value of Broden Mining to be almost $18 billion. SMD has almost 40% interest. or approximately $7 billion. At 1% that would be $70 million. The current market cap for SMD is $23 M or 1/3 of that. SMD also has 100 more properties for option or sale, 140 Million shares of other mining companies stock, cash, etc.
The current climate with runaway inflation, falling stock market, etc should lead to higher gold and gold stock prices. The pendulum should shift any day now. I must give management credit for staying out of debt. Debt is the eventual killer of this type of company. Keep the faith.