Re: Gold Shares Are Cheap

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NorthLion

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Re: Gold Shares Are Cheap

in response to

Re: Gold Shares Are Cheap

Valueminer

posted on Mar 29, 2008 09:30AM

Valueminer,

I totally agree - SGR's SP has been sitting relatively flat for a long time, and during this time they have been working at getting the higher grade zones ready for production, the 43-101 is being worked on (which we expect will give a big boost to reserves and resources), and the price of gold has jumped up. So there has been growth in the value of the company on three fronts without much change in the SP. One day soon the market will respond to the inherent value that is there and we will see a good jump in the SP -- it seems to me that shares below $1.50 right now are a bargain. Below $1.40 (like the ones I got a few days ago are a steal!). JMHO.