Some toughts
in response to
by
posted on
Nov 06, 2009 04:15AM
Edit this title from the Fast Facts Section
Right now MMY is in up trend, very strong trend for MMY, lot of shares bought for 0.39 and 0.4, that should be new strong support for next run, above 0.4 is not so big resistance so some higher sp like 0.6 to 0.9 is possible and I hope that target price 1CAD will come until the end of this year, MMY has done everything on time, has enough cash, strong hands, and MMY is producing Gold, they will produce even more on the end of this year, reason to celebrate, and MMY is also take over target. I am 100% confident in this stock, much higher prices will come with next years because Gold right now is the place to be in. One more time to write this analysis from the beginning of this year, actually nothing changed and now is even better situation and great to bi in MMY.
As the Company nears the start-up of production, we believe there will be increasing investor interest in the shares . We are setting a this year price target of $1.00 . Our three-year price objective is $4.30
Monument, in determining an intrinsic value, we are choosing a Property Ratio of 2.00x. This translates into a value objective of $1.02 per share.
Longer term, provided the Company is successful in its endeavours, as postulated in this report, we see its Property Ratio rising towards its peers’ average of around 7.00x three years out. This translates into a price objective of $4.30 per share.