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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: CuriousGeorge who wrote (98771)	11/13/2007 2:30:14 PM
From: zoo york	Read Replies (1) \| Respond to of 312313

Hi CG! My first target for AGI is to at least revisit the old highs. The stock made that run based on the high grade results they were reporting on some of the exploration zones. Every ounce of that gold is still right there where they found it, and gold itself is worth about $200 an ounce more than when the stock traded around $10-12 so I think that is a good starting point, especially considering that the drills are still turning and they have hit several more very good drill holes since then. There is a summary of some of the more significant exploration results in the quarterly financials, and a new resource estimate is still pending. Now if AGI ever starts reporting operating results in line with the design specs for their mill and recovery plant, then I think we can add on a few bucks a share just on the cash flow multiple. The final wildcard would be if we get a true bull market for the junior mining stocks. I have been convinced we are in a secular bull market for several years, but the junior miners have been in a counter-trend bear since early 2006 depsite the strong performance of the metals. Most of the junior producers are currently well below the highs they achieved last year. Pull up a chart for GGC, FR, EDR, IPT, ECU, GPR, and of course GAM and AGI, just to rhyme off a handfull in Mexico. The higher metals prices have not generated higher share values for the producers yet. I think its only a matter of time until we get a true bull market, with new money flowing in and sustained rises across the board in the sector. At that time, then its reasonable to assume AGI could trade well above $20. It may take another year to get there. cheers! COACH247