| Pmu is a gold stock that has fallen off investors radar screens. The company recently merged with Dayton mining. The company currently sells at less than 4 times sales and has a solid balance sheet. With the stock currently trading at .85 cents, it appears to be undervalued. Some gold stocks trade as high as 10-12 times their sales. Given this valuation pmu could trade as high as 3 dollars a share, even without any revenue growth year over year.. Factoring an increase in gold prices and production, pmu 1-2 years out may be trading as high as 5-8 a share.. Like all stocks.the risk here is high, but what I like about pmu compared to the rest of the gold stocks is it is undiscovered.. I have a feeling once this stocks clears a dollar it will be off to the races.. Six month target of $2.00.. Also feel free to discuss other gold stocks silver etc on this board.. |
