Couldn't agree more smm. As has previously been posted on HC...

Couldn't agree more smm.

As has previously been posted on HC comparible companies listed overseas on AIM and TSX with similar size deposits have market caps of around USD $200 mill which equals $1.50 per share. The MD, Les Emery, in an article from High Grade resource magazine recently stated that

“there are 2-3 Canadian companies in the same league, in terms of resource size – they are all in that 0.5-1 billion-tonne deposit range. Generally when they are reaching that level (resource) they have a market cap around the $US200 million. So that’s where we see our upside with our next upgrade of the resource estimate, which we expect to have out in about a month’s time. We’re targeting 500Mt, but we do know the system was rated by BHP at one billion tones pre-JORC days.”

Hold on!!!