Hey fellow Agoracom board members,
I am a novice investor looking for some insight into how a company like SGR might be valued. I bought into sgr at an avg. price of 1.30 and given todays price I have done quite well :). However, there are lot of press releases these days showing some really impressive grades that cause me to think the sp has nowhere to go but up. Having said that the current market value sits at around 400 mil. given the estimates on the reserves and the cost to mine, what do you think this should be valued at? is it overvalued (not likely) undervalue (hopefully) or sitting at an equiteable SP???
if we hit 2.5 mil oz. what in your opinion would be the npv of sgr?
btw, i just wanted to say I appreciate the discussion on this board, the fact that it is moderated really improves the experience. Whether you have a good or bad opinion of SP is great if you back it up with something of substance and this is the board for it, keep up the great work!