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Good to see benz. I'm still baffled

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ibreken   Thursday, 02/28/08 12:44:33 AM
Re: benzdealeror2 post# 56
Post # of 69 
Good to see benz. I'm still baffled this is trading this low though with gold this high. I'm not even watching the day to day trading. I just saw your post and checked where it was trading. I'm not planning on selling until at least June so I'm avoiding watching the day to day moves and am just checking in once every couple of weeks. By June if gold holds up I truly believe this should be in the $5-6 range minimum if gold stays above $800 (and they aren't acquired before).
I mean honestly, 2nd quarter they should be producing 40,000 ounces of gold at a cost of $365 an ounce. If gold holds up that's $600 an ounce or optimistically $24 million profits or cash flow at least for the second quarter smile Wayyyy undervalued and once the producer multiple applies it should move fast. Scotia upgraded it last week, now every analyst covering it has at least an outperform rating on the stock. Too da MOON wink




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ibreken
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