Interesting comment Barret.
I think you will find this is only for Stage 1 being the open pit. We don't know the cash costs for the later and underground stages, but the estimated recovered gold is 7 times what you quoted. Possibility of further discoveries, so I will expect a rising Market Cap when they actually get into production.
Mind you I don't think this will be a mega multi bagger, but I expect it will show about 300% appreciation from here> Not sure when and I won't be retiring soon.
Just my opinion
Ann: Cannon Mine Go Ahead Approved, page-5
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Mkt cap ! $5.444M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $2.141K | 216.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1030595 | 0.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2806886 | 1 |
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