by Dave Kranzler, Inevstment Research Dynamics:
If you think the price of gold is getting ready to start its second leg of a massive secular bull market, and I think it is for several reasons, this gold mining stock is one of the best risk/return plays I’ve seen in a long time – and trades below 50 cents.
The Company ran into some pre-production snags and announced that it might need to raise capital in order achieve its first commercial gold pour. The short sellers savagely attacked this stock – it lost 50% of its value in a month. Starting up a mine is more “art” than “science.” Every company runs into engineering and metallurgic issues when they are working to begin to convert a resource in the ground into extracted gold.
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