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Thursday, March 06, 2014 5:41:35 PM
VGZ Target $1.95-$2.10 ~~ the company is finally making real progress toward being able to do work at Mount Todd, as the EIS is nearly complete and is expected this year. Shares at 67 cents is laughable. The stock based on prior Mount Todd estimates would be fairly valued at $1.48-$1.66. Factor in a rising gold price and the other holdings of the company and my price target for the stock is $1.95-$2.10, which represents a potential triple from current levels.
Disclosure: Christopher F. Davis has traded Vista Gold in the past and has acquired a position as the price has come down. The author is adding to his stake in anticipation of eventual permitting of production at Mount Todd, the efforts to preserve shareholder equity, and the likelihood of a potential buyout.
http://wallstcheatsheet.com/business/why-vista-gold-may-triple-from-current-levels.html/5/
Disclosure: Christopher F. Davis has traded Vista Gold in the past and has acquired a position as the price has come down. The author is adding to his stake in anticipation of eventual permitting of production at Mount Todd, the efforts to preserve shareholder equity, and the likelihood of a potential buyout.
http://wallstcheatsheet.com/business/why-vista-gold-may-triple-from-current-levels.html/5/
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