That is a good question @breezefly!
SVL and IVR are both in a good position and, I believe, it is reflected in their respective and currant market caps.
ARD's low market cap compared to both these companies, is a result of a couple of issues, ie R&D claim and what the market thinks were average results from Pine Ridge, I personally think they were OK, and certainly proved previous results and opened up further exploration targets for us.
At some stage, I believe sooner rather than later, we will have the R&D claim settled, and start drilling.
ARD will have to raise at some point, to do any meaningful drilling.
At last count we had under 800k in the bank.
We will not use all of that, with out have a plan to replenish at some stage.
Once we have a few ducks in a row, I think ARD will do a CR, and not in the too distant future, along with an announcement of major drilling campaign at Kempfield, hopefully targeting the recently established gold-copper footwall and feeder zone targets, and additional identified silvermineralisation potential.
With Silver and Gold on a tear, it may be we wait a couple of weeks to see if we can raise higher.
That would be my wish, and would lesson dilution for all.
Any pull backs here in ARD share price should be treated as good entry points.
Silver at 21.50 us per oz and ARD starts to fly.
Get set now at these prices or miss out!
Good Luck to all.
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