TIE has been doing great: 3.45 million ounces of global resource (at 1.1 g/t grade) Market cap 226 million.
MKG: 0.87 milion ounces of global resource (at 1.2 g/t grade) Market cap 18 million.
TIE has 4 times the resources but 12.5 times the market cap.
All we need is time and cash to turn it to 3.45 million ounces (including measured/indicated resource) Both companies will probably end up with the same grade as the time passes. The only problem is unless we raise at a premium, the next cap raise price is not looking great. The last one was at 8c.
MKG Price at posting:
4.7¢ Sentiment: None Disclosure: Held
Both companies will probably end up with the same grade as the time passes. The only problem is unless we raise at a premium, the next cap raise price is not looking great. The last one was at 8c.
