With net cash position on bank over 1 Billion USD, with zero debt and share price trading on 15.8.2017 by 1.88,-USD, the companys market value is just 1.5 Billion USD.
At this point all gold reserves held by EGO are valued by market just by 500 Million USD which is foolish!
25 Million Ounces proven gold reserves are valued just by 500 Million USD!
With gold price over 1.250,-USD the company should be valued by min. 7 billion USD ((1.250,USD - 950,USD (all in costs)) x 25Million ounces of gold = 7.5 Billion USD net profit
I see huge potential for EGO stocks with price targets: 1.) 31.12.2017: 2,50,-USD/share 2.) 31.12.2018: 4,50,-USD/share 3.) 31.12.2019: 8,00,-USD/share = 6 Billion USD Market value.
I am long EGO by 1.90,-USD/share with over 50Tsd.stocks.
Schöne grüsse aus Braunau am Inn, Österreich
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