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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Chunger who wrote (33849)2/23/2007 10:03:04 PM
From: koan  Read Replies (1) of 78420
 
Dave, in real estate they use appraisals and market analysis to value homes. I have done that for 15 years. I have traded stocks for 25 years.

So let us use a "comparable" a lot of us know know and where it went in 1987 when metals prices were not nearly as high.

Pegasus. They ran the zortman landusky which was a very low grade operation 1/100 of an oz per ton. RNG's operation is 10 times that rich heap leach i.e. 3grams .1 gold per ton.

And Pegasus main mine (Montana Tunnels was not nearly as rich as RNg's nickel mine at these prices). Pegasus went form $6 to $36 in less than a year in a similiar bull market.

This bull market looks better to me, there is inflation to consider and possibly more speculation.

So who knows how hig, but RNG at $10 seems pretty easy to me?
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