GPL Could Explode Well Above $1 Next Week
After the European Central Bank (ECB)'s shocking announcement 24 hours ago that it will increase monthly QE bond purchases by €20 billion or 33.33% to €80 billion and will begin buying corporate debt – while lowering interest rates 10 basis points further into negative territory: gold rallied for the day by 1.61%, while silver finished up 2%, and the HUI Gold/Silver Miner Index gained an incredible 3.72%!
NIA's #1 stock suggestion for 2016 Great Panther Silver (GPL) continued to far outperform the rest of the industry, making an amazing gain yesterday of 8.11% to close at $0.8649, after hitting a new 52-week high of $0.89 per share! Although GPL has already achieved an enormous gain since we first announced in August 2015 that NIA's President had begun accumulating it at $0.35 per share – it is important to note that GPL remains extremely cheap. As we will explain below, GPL in the upcoming weeks will likely return to a trading range of $1.50 to $2.50 per share.
Back in July 2010, NIA visited GPL's flagship 2,621 hectare Guanajuato Mine Complex in Mexico – and after realizing that GPL was insanely undervalued with the most upside out of all silver miners – NIA's President accumulated a large position at an average price of $0.75 per share. Three months later (in October 2010) with GPL at $1 per share, NIA released an exclusive private report to a select group of NIA members – explaining why NIA's President had made GPL his #1 largest position for 2011.
Over the following five months, GPL exploded from $1 per share up to a high in March 2011 of $4.90 per share, for a short-term gain of 390%. NIA's President sold his position at an average of $4.50 per share – earning a quick profit of nearly $2 million.
When NIA's President first bought GPL in July 2010 at $0.75 per share, GPL was trading with an enterprise value/revenue ratio of 2.16. As GPL rallied big in early 2011, its enterprise value/revenue ratio rose to a high of 11.68. Today with GPL at $0.8649 per share, even though it has already gained 147% since NIA's President began reentering it last year at $0.35 per share – GPL is currently trading with an enterprise value/revenue ratio of only 1.74.
GPL is more undervalued today at $0.8649 per share than when NIA's President first bought it in July 2010 at $0.75 per share, just prior to it rising 600%!
Since July 2010, GPL has averaged an enterprise value/revenue ratio of 3.39. We expect GPL to return to this multiple very soon, which would currently value GPL at $1.48 per share. As the mining sector begins to heat up, we conservatively believe that GPL's enterprise value/revenue ratio will return to a level of 5.99, which is one standard deviation above average. Currently, an enterprise value/revenue ratio of 5.99 would value GPL at $2.53 per share.
GPL is currently trading for 80.2% above its 200-day moving average, making it the #1 hottest silver miner in the entire market! The median silver miner is currently trading for only 38.9% above its 200-day moving average. GPL currently has a key breakout point of $0.93 per share. If GPL surpasses $0.93 per share early next week, it could finish next week trading well above $1!
NIA's #1 stock suggestion for 2016 Great Panther Silver (GPL) continued to far outperform the rest of the industry, making an amazing gain yesterday of 8.11% to close at $0.8649, after hitting a new 52-week high of $0.89 per share! Although GPL has already achieved an enormous gain since we first announced in August 2015 that NIA's President had begun accumulating it at $0.35 per share – it is important to note that GPL remains extremely cheap. As we will explain below, GPL in the upcoming weeks will likely return to a trading range of $1.50 to $2.50 per share.
Back in July 2010, NIA visited GPL's flagship 2,621 hectare Guanajuato Mine Complex in Mexico – and after realizing that GPL was insanely undervalued with the most upside out of all silver miners – NIA's President accumulated a large position at an average price of $0.75 per share. Three months later (in October 2010) with GPL at $1 per share, NIA released an exclusive private report to a select group of NIA members – explaining why NIA's President had made GPL his #1 largest position for 2011.
Over the following five months, GPL exploded from $1 per share up to a high in March 2011 of $4.90 per share, for a short-term gain of 390%. NIA's President sold his position at an average of $4.50 per share – earning a quick profit of nearly $2 million.
When NIA's President first bought GPL in July 2010 at $0.75 per share, GPL was trading with an enterprise value/revenue ratio of 2.16. As GPL rallied big in early 2011, its enterprise value/revenue ratio rose to a high of 11.68. Today with GPL at $0.8649 per share, even though it has already gained 147% since NIA's President began reentering it last year at $0.35 per share – GPL is currently trading with an enterprise value/revenue ratio of only 1.74.
GPL is more undervalued today at $0.8649 per share than when NIA's President first bought it in July 2010 at $0.75 per share, just prior to it rising 600%!
Since July 2010, GPL has averaged an enterprise value/revenue ratio of 3.39. We expect GPL to return to this multiple very soon, which would currently value GPL at $1.48 per share. As the mining sector begins to heat up, we conservatively believe that GPL's enterprise value/revenue ratio will return to a level of 5.99, which is one standard deviation above average. Currently, an enterprise value/revenue ratio of 5.99 would value GPL at $2.53 per share.
GPL is currently trading for 80.2% above its 200-day moving average, making it the #1 hottest silver miner in the entire market! The median silver miner is currently trading for only 38.9% above its 200-day moving average. GPL currently has a key breakout point of $0.93 per share. If GPL surpasses $0.93 per share early next week, it could finish next week trading well above $1!