mr.to - i was thinking the same sort of, only taking it the other way, putting a rough value to el Morro/la Fortuna and finding the market cap quite justified, so you get Cerro San Pedro for free, plus considerable upside left on la F and other properties ... great value for money, no doubt about it
wgi.to - 'Yet, it moves.' ... as Galileo would say ... recent history of shareprice improvement, as well as the middling ancient history that Metallica's chart exhibits ... only reason i have slightly more of the mr than wgi is that the latter lacks trading warrants for that little extra leverage kicker ... which common will put on the next ten per cent first? - i'd guess Western G, judging from the nearterm action, just look at them -
stockcharts.com
stockcharts.com
Won't hurt my feelings if it goes the other way for a change, i'm covered on both ... eagerly looking forward to Xstrata news day, should be coming up before too long eh ... news of healthy startup ops at CSP would also help, together they could launch the stock, for sure, and they will, matter of time
One quibble - it's not reasonable to add to wgi's market cap its entire notional value of hedging ... only that which exceeds PoG du jour, imho, you account for the rest by just generally shaking your finger at their blasphemy and perhaps rubbing fresh cut garlic on your big toe in the light of the full moon ... wgi's management has done zippier things more recently, and are expected to do them again soon, fact of life |
