Re: Seeking Alpha urges caution for now.
in response to
by
posted on
May 07, 2014 10:52AM
Peter
I have been collecting reccommendation and price target info from other analysts, but they are from second-hand summary info, relying on selective speed reading, or tips from others, to collect the info.
- Info on 10 other analysts came from the FP article. Hocking is the lone voice.
- 1.3 price target from Hocking is well known and alos included in the FP report
- The Gold Report on PRB has an extensive summary of analyst/expert comments. See the side bar for the names of 33 experts (Hocking was not on there). Hope that the info is still there from the link below.
http://www.theaureport.com/pub/co/3961
- Kaiser had some harsh words for Hocking, as reported by many posters. His target is probably the highest (buy at 2.29 with targets between 4-5/s, conditioned on POG above 1300).
- Other analysts: Target s around 3.5/s. (coincidentally, the ratio between 4.3 + 2.7 = 7Moz, and 2.6Moz (Hocking) = 2.6 x 1.3 = 3.5/s). mainly, it's the resource estimates. Hocking simply threw away the 600m extension ane came up with 2.6Moz using 5.5 gpt COG. Not sure what the breakdown between the HGZ and the open pit is.
Hope that would help.
goldhunter