Going by a sub $10M market cap it seems both Botswana and Brazil assets are not factored in. Not even the 100% owned Monument Gold Project is factored into the current market cap at near record gold prices. 3.3Mt @ 1.4g/t Au for a 154koz gold resource. At current aud gold prices ($3017/oz) that is approximately $465M dollars.
The entire market is getting a bit unbelievable actually, nothing is priced in truly due to fear and uncertainty. The moment liquidity starts to head to commodities things are going to explode Imo. Many are predicting it will happen when USA starts to drop interest rates and head into a confirmed recession early in 2024. Bargains galore right now. 5 years ago this stock would be around 20c with what they have proved so far Imo.
Ann: Completion of First Phase Drill Program in Botswana, page-6
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