A Good Week, up over 20%!

Welcome To Gran Colombia Gold Corp (GCM.TO) HUB On AGORACOM

Frank Holmes: "the most undervalued pure gold stock in the GDXJ ETF."

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Francis Dube

Rank: President [?]

Points: 44898 [?]

Votes: 625 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

A Good Week, up over 20%!

posted on Jan 20, 2012 04:09PM

Hopefully this was the calm before the storm and assays surprise the market next week and we move up from here. I noticed that RBC has an analyst on this and they lowered their 12 month guidance from $1.25 to $1.00. (The funny thing is that RBC was the biggest buyer for the week at 384k shares.) I am OK with that target as that is still up 100% from where we are now. With an EPS estimate of 9 cents for 2012, the $1.00 mark is probably fair based on earnings only. However, if we get significant development at Marmato during 2012, I think we should easily be over that target.