Re: The $30-$40 argument
in response to
by
posted on
Jul 22, 2010 10:35AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
cantjustread: Yup. If the stated realistic and dependable goal of Mr. Tilsley is to prove 5M oz by Xmas, then even my conservative valuation model would say "buy".
I'm not a GNH basher. What I want is for an investment that I make to be a guaranteed "buy" with nothing more than conservative valuation and the guaranteed facts backing it.
So I'll buy based on being convinced that $1 is a perfectly justifiable upside target, and knowing there's the possibility of much greater upside than this. The upside on this was already stated on BNN - we can assume they can prove 5M oz, but we don't know how much more there is than that.