STTCOMP VEC, FA LONG
Market cap 14m, cash 800k
Gold explorer with acquisition pending
Short and sweet:
Drilling underway with a target of 1m oz. Current resource of 450koz at 1.9g/t which is good enough for the market cap of an active explorer.
Acquisition pending with a target of 3moz. Many unknowns such as the terms of the acquisition and whether the acquisition will happen but if they can acquire the project with reasonable vend then the it will worth buying and holding from these levels.
