Recent on-market buying suggests the overhang may be clearing, and we could be entering a new phase of market attention. With RC drilling underway, any meaningful intercepts have the potential to convert into resource ounces—on top of an already economic base at current gold prices.Yet this still trades at an EV of ~$2M, despite holding a +100koz resource mere pushbike distance from established operations and a processing plant that remains in use. The strategic proximity and operating synergies alone should warrant a reassessment of value.
If this disconnect persists, one has to ask:
Is it a communication failure?
Is there lingering market distrust in management?
Or has the story simply not reached the right audience?
I’m relatively new to this, but the setup looks compelling. Curious to hear seasoned holders’ views—what’s the catch?
Recent on-market buying suggests the overhang may be clearing,...
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