This is in a pro-gold mining jurisdiction, with over 1.1Moz - a bucketload of which is in Measured and Indicated category and they just got $6M in cash, the board holds +34% of the freakin company. Marky Johnson and Stevie Baghdadi are putting us on their backs. In challenging macro-economic environments, I will take loaded corporates over poor geos running my companies annnnyyyy dayyyyyy. Hoping the boys scrap the 7.5% interest rate on their director loans but they are already doing god's work in every capital raise.
$6M cash is a bucket load of coin for a small cap and these guys will nice and methodically get to 1.5Moz. Currently sub $6M Enterprise Value gives less than $6/oz of contained gold ....
I'm not sure how many 'metrics' this needs to tick. Management with skin in the game, Tier 1 jurisdiction, we know the breccia pipes are 1km deep, and exploration upside with the REE buried carbonatite which will see US govt. backing. Of course, if it can't get going on all these positives, maybe it's just a dog ... Here's hoping that's not the case.
DTR Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)