WHENEVER I FOUND STOCKS WHICH COULD BE DOUBLED IN PRICE IN A YEAR OR SO, I USUALLY CHECK THEIR FUNDAMENTALS.
JUST LOOK AT THE ESTIMATION OF THIS COMPANY FOR 2020, AND SEE HOW MODEST IT IS:
- 2019 Gold production: 354,405 ounces (AISC of $888 per ounce of gold sold)
- 2020 Gold production guidance: 325,000 to 365,000 ounces
- 2020 Estimated free cash flow1: $100 million - $170 million at a gold price of $1,450
- The AISC1 for 2020 is expected to range from $910 to $1,060 per ounce of gold sold with cash costs expected to range from $725 to $830 per ounce of gold sold.
NOW CONSIDER THAT AVERAGE GOLD PRICE HAS BEEN 1573 SINCE 2020 STARTED..! (MIN 1517 AND MAX 1690 USD)
I STRONGLY BELIEVE THAT FREE CASH FLOW OF THIS COMPANY COULDNT BE UNDER 200 MILLION IN 2020..!
WHICH COULD LEAD TO HIGHER PRICES EASILY..!
JUST LOOK AT THE ESTIMATION OF THIS COMPANY FOR 2020, AND SEE HOW MODEST IT IS:
- 2019 Gold production: 354,405 ounces (AISC of $888 per ounce of gold sold)
- 2020 Gold production guidance: 325,000 to 365,000 ounces
- 2020 Estimated free cash flow1: $100 million - $170 million at a gold price of $1,450
- The AISC1 for 2020 is expected to range from $910 to $1,060 per ounce of gold sold with cash costs expected to range from $725 to $830 per ounce of gold sold.
NOW CONSIDER THAT AVERAGE GOLD PRICE HAS BEEN 1573 SINCE 2020 STARTED..! (MIN 1517 AND MAX 1690 USD)
I STRONGLY BELIEVE THAT FREE CASH FLOW OF THIS COMPANY COULDNT BE UNDER 200 MILLION IN 2020..!
WHICH COULD LEAD TO HIGHER PRICES EASILY..!
Trade active:
Nothing like time could prove it an analysis is right or wrong!