Quote:
Originally Posted by lowside67
I don't expect that YNG is going to be a short term bet though... there is progress but it will take some time before it is reflected in the share price. I am expecting it will take at least 6 months, but on the plus side, I can't see any possibility of an appropriate valuation below $1.20 based on their prospects alone, let alone the assets (hard to value, but definitely not worthless). They have a computed PV of around $0.70 from their own valuation based on revenue with gold at $1100 ($1600+ today) and with no valuation on the potentially huge find they made.
Mark
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Well I don't want to speculate too much, but I believe that before 2013 we may see YNG hit the 2$ mark... I know it sounds a bit much... but we can re-visit this post later in the year.
Having said that, for me it's a great stock to ride the ups and downs while looking for better short term plays and then buying back in for the longs in-between. Even without the new mine being taken into consideration, with gold at these levels they are a very profitable company and have a long operating life ahead of them... very good long term growth with the chance of some significant short term gains IMO.
Thats how I feel anyway
