Here we have a company sitting on trillions in ore and finally operational. It does carry some risk being in Bolivia and its weighed down for the next two years on hedges and options it was required to write to gain funding for its mine. It may possibly have to write more options for three years out to spread the debt, but ultimately you are looking at a company that will be capable of $100M profit per quarter as operations improve. Right now its at an extreme low, but there are over 7.5M shares shorted, so this is mostly an artificial trend. I'm going to give three predictions, play how you want:
$14 within one month
$20 within six months
$60 within three years
Enjoy!
$10.31 (03/11/08)
