Last time it shot to $4.5 mainly due to the funding issue resolved. With its Moly business making money again and should be better next quarter, if not much better(Kennecott stops supplying moly for at least the next year and Thompson creek supplys 50% of their moly to N.A, you do the math?) and only 3 months away from MM operation and still on Budget, shouldn't this be easily over $4.5 realistically.
Only uncertain things could be:market correction? gold price drop further(with the solid demands for physical gold, this is very unlikely) or something else, use your imagin?
I would say PPS above $5 by the end of this month is a rational assumption.
Ironically, i did mention that the major traders have been side line since March 22nd which was four weeks ago which implies that the increase over the last two weeks was made by the retail guys, you agree? If you can't understand such simple logic, it will be reasonable for me to double you as a good trader?
Per the Apple, let's say if its price was $100 and you still worried about such growth concern thing? Price is the basis based on which you make you judgement/ or find yourself some reasons to either buy a stock or sell a stock in the short term(assuming you are not as rich as Buffet who invests for the next decade or so), agree?
Honestly and repectfully speaking, you still need to learn how to invest. Look at the chart, major traders stopped pushing the stock higher since Mar 22nd (actually they sold for good profits, because the stock was too EXPENSIVE!)
This is a good company with good future, but just like Apple, nothing is gonna keep rising and rising with no continuous tremendous news! The CC was good honestly but not great, this is the reason why it dropped and will continue to drop several days after tomorrow, to at least 50ish , most likely to 45ish where i suggest you load up again and wait for new highs. You agree?
Do you still remember my comments about the poor management thing? They have a gold mine(with current price) and have so many idiots run the company. You can't beat that! Ironically, i didn't sell after the 4Q results as i promised, this made me a idiot too!