Some of the exploration hits here are outstanding and approaching very high class with the ore bodies open for expansion through drilling and in place processing facility that could be used to stage to higher throughput if there's (high chance IMO) significantly more mineralisation to be found then this stock has all the hallmarks of a high level of return with patience and the likely bull pricing deck for copper and gold. Grade is king and it is relatively strong in numerous intercepts here.
Management owning 10% of outstanding stock shows shareholder alignment, existing processing plant and infrastructure are a huge benefit to feasibility and initial capex requirement (and therefore significantly reduced dilution going forward) there's a possibility this with IMO, another 50% resource tonnage expansion will mean critical mass for this project going ahead then unless they're taken over. I can see plant throughput expansion plus likely significantly higher total tonnage across the tenements supporting a multi decade mine life and associated dividends.
Will be looking to add once the significantly undervalued (IMO) Canadian stocks I'm holding continue to rerate along with potential weakness here following next CR and the anemic volume trades on this name most days + very limited discussions here.
GLTAH & IMO
CY5 Price at posting:
11.0¢ Sentiment: Buy Disclosure: Not Held
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