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Wednesday, November 29, 2017 7:26:28 AM
Al Moghadam, Contributor
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Hmmm, I am much more optimistic about the AISC next quarter. I expect in the 500s.
Regardless, I am getting my price expectation for the end of 2018 this way:
450,000 Oz produced*($1300-$500) divide by 182000000 shares *10 (multiple)=$20 USD
The upside to above is if they produce more, gold price breaks out, they get good exploration results
downside is lower grade, higher cost, subdued gold price
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