Allied Nevada Gold (NYSEMKT:ANV)

CAPS Rating: 2 out of 5


Player Avatar defridgerator (25.71) Submitted: 7/13/2013 11:06:59 PM : Outperform Start Price: $5.79 ANV Score: -17.29

The risk percentage for exploration minesdecreases when there are more mines. Assuming that the company is placing these mines in valid locations (and I trust they did their research), with 6 new exploration ventures opening up, and the company reinvesting profits back into the first mine, I believe that this company has potential to double, perhaps triple over the next few years.

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