Based on the performance of the last bull market for precious metals, I peg a target at $43. This may be conservative, as the company has less competition that it did in the 2000's.
Market sentiment with respect to this exploration drilling companies stock price and gold price action. It would appear that price is nearing some kind of probable turning point, as weekly RSI looks oversold.
$mdi.to: will this bounce hold? Q4 earnings and fiscal 2023 is on Tuesday June 13th next week, and the have been very busy last year.
They are literally printing money. Don't be surprised to see new all time highs in the next year
The fun is about to start The fun is about to start The fun is about to start
whatever happens in the bull market for precious metals, this company will always be cash flow positive and growing.
Se BLY.ax for a preview of what major Drilling will do. major is the biggest cat in town this time, Boart Longyear out of the picture.
I would like to watch the progress here. I own this stock. Looks ready to break out in a week or two.