Based on it's reserve at current enviroment along with comparing with other listed companies,I valued the stock at 5 cents a share.
We might like to value this much more but share price explains all.
Some facts you need to look at:
1.MYG owns 75% of the project not 100% ,and plus paying free carried interest to other party.
2.100,000 ounces annual production is bit pre-mature to me.
3.Other than deflector,results are poor so far.
4.Current low SP means dilution.
5 cents valuation
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