Company is being valued at around $60m so you need to ask how much value is assigned to Linderos in the share price. Given we have a JORC defined resource of 3.12m Oz of gold and 22m Oz of silver plus 2 other copper assets, I think this is undervalued. Plenty of potential to grow the Dynasty resource as well. With the Linderos joint venture, we get $3m US and should they reach a decision to mine, this could mean we hold 20% of a potential billion dollar asset. It certainly de-risks the company somewhat and remembering we still hold 100% of 3 other assets. I guess it comes down to where you think copper and gold is heading.
TTM Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
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