Re: Financials Out!!
in response to
by
posted on
Dec 04, 2007 04:35PM
Goldbull55,
This market does indeed "defy all rationality". In spite of the disappointing stock movement over the past 1-2 months I am not in the least bit worried ....time will turn this around. Once this stock gets up to 42,500 ounces per year of production (in just one brief year away) this stock should be rolling on all eight cylinders and should be above a buck at a minimum. My "mouth waters" when I consider the possiblities of gold being above 850 in a year as well. (I don't know. Maybe I'm "dreaming". Apparently the market doesn't see the potential that I see, particularly if gold can hold above 800. With CSG anything above 800 is a "bonanza" .....being a low cost producer that it is.)
If one can't make some money with CSG in the next 1-10 years then WHAT can you make money in? Is there any other company out there that can compete with CSG's PROJECTED (one year out) cash flow to current market cap ratio? I don't know what the exact figure is but it must be unbelievable high even with gold priced at just 750 dollars (let alone above 800).
So yeah, either I am a "dreamer" or this market is an ignorant beast. (Bet on the latter.) The market can "bluff" all it wants. But I'm not falling for it. (I only wish that I had more "dry powder" right now.)
My2cents