Raymond James said NAK could be bought out at $50 + (it's really worth $100) and still have lots of blue sky for the buyer, then discounted it for bs reasons to 25. Then made the case for an "easy" double your money from where we were last week.
This is a very dangerous stock!(for the naked shorts) drilling results could DOUBLE THE RESOURCE ESTIMATES!!!
Son the only thing you need to know is that the Maestro of Nak is in da house!!!! Me and the BOYZ are runnning this thing up to $35 and no headge fund on earth has the resources or the balls to stop us!!! This will push Rio Tinto to step up and buy this POG off our hands!!
Thats kinda the point, it is Raymond James first go round with NAK, and they are too conservative or using old numbers, or when 25 is acheived they will upgrade the target. The 50 value is already discounting a lot of risk from here to production
Miners can be valued at over 200 per ounce in the ground, when the drilling is done to upgrade the reserve status, NAK should be valued at at least 75 bucks per ounce. As permits are issued and production begins the value of NAK will be a combination of reserves in the ground and the earnings stream.
Last year some semifamous goldnewsletter writer was talking about NAK on TV and still using the 17 million ounce number when the 88 mill number was already out.
So at 15, the discount makes NAK very cheap.
Any one besides bashers have a take on this, and the value of the copper and moly?
ridiculous conservative assumptions. The mine won't even be in production until 2012, and yet they use 1.80 copper and 605 gold.....(let alone the moly). Copper will be ten bucks by then (or more), and gold triple its current price.......