banging the table (again) as a buyer at today's closing price. Will it get to 11 u.s dollars?, who knows, but I see an upside of 25 to 30 over the next 2.5 years, possibly higher if gold moves up a couple of hundred bucks which is likely. So I don't argue with 20 or 25 friggin cents. foolish. If gold is 1475 in two years from now, the PE expansions on the gold miners will be dramatic, so 30 as a share price is being most conservative.
And for reasons I have already posted AS NASEUM, we are in a gold bull now, make no mistake, and the reasons are abundant, as I have posted.
You just don't hear about it, which is perfect. Gold bulls and really all bull markets start stealthy. You will never hear about it on cnbc, a show I quit watching years ago. Gold is right now on a tiny column in Barrons, another rag btw, on page 33, not on the front page. That is when to own, so you get a couple of year's rise, for free. Funds will be here in two year, and John Q Public in a year after them, and then the bull goes crazy for a year or two, max, but I will leave 10% on the table, give or take.
Strangely, October is a bad month for commodities. Essentially why that is, I do not know, but have a theory, but that does not matter.. The months of sept nov,dec,jan,march, april, are good months.
I am looking at PVG making 1.50 to 1.75 bucks in earnings in the coming year, moving higher as the 2018 quarters roll on and by year end, with our permit expansion to a minimum of 3400tpd, or higher, the earnings will again increase by a corresponding percentage, and actually with lower unit costs somewhat. (from 400,000 ounce mine to as much as 525K ounce mine, possibly higher. I say higher because this is a very tight lipped management team in every single way, but there is no question the mine facility has been built "conservatively" per one analyst, meaning there is excess capacity, how much I have no idea but the CEO said two weeks ago the permit would be "north of 3300 tons per day, meaning a huge increase from the current capacity of 2700 tons per day, which in fact they are already exceeding even with out the permit. So I am thinking 3500 tons per day but will be thrilled with 3400. If you follow these mining companies, this is a dramatic increase. Companies kill themselves to make such a physical expansion, for what it is worth, and all PVG has to do is get the permit approved, since they know the mine can handle it, with only minimal capital costs........).
