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Jason, congrats on getting in so low. I don't want to sound negative, but I think a $10 goal might be a bit optimistic, at least this year. The book value is around 2.85, and with a 1.5 p/b that brings it to a bit over 4. If the book goes to 4, that means around 6. However, keep in mind that we have yet heard about their plans to exploit their resources, which are still in the ground. I don't want to tell you what to do, but if we see 3-4 in the next few months I would be very happy. On the other hand, if you are talking about hanging in here for years, then even 10 might be low. JMHO, your mileage may vary. |
