Re: New Resource estimate... 3.6 mil oz
in response to
by
posted on
Jan 15, 2013 11:06AM
Last thing i'll say here today and then i'll shut the hell up.
Remember all those price targets by the analyst community ranging from low $3 to mid $4?
Those were all based on the OLD resource estimate. Now we have a NEW resource estimate that is much better quality and an increase in quantity.
Those guys are more conservative than Rush Limbaugh when they determine their price targets because they have to be. Otherwise, they will be out of a job. That's why they don't include Ring of Fire, cash, etc and use a very low ball in-situ price per oz.
Basic math dictates that their price targets can only move higher form here.
Watch and you will see my friends!