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Originally posted by Gwaihir:
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I wonder if the stock price of this company is perpetually undervalued in comparison to many other gold explorers in WA because of their refractory ore, and the potential difficulties in processing this type of ore, and the higher costs. I'm presuming this is why they are going to produce some concentrate, and this would seem a logical path, but I think this is why the stock is always undervalued. It's a long wait and see on how they develop this, whether they find any more free-milling ore, and whether the narrow underground shoots can be found at higher grades, so all of this makes the stock a higher risk I suppose.
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valid points bald eagle but I am yet to find a mining project without any risks.............. still very much undervalued and concentrate agreement on the horizon my good friend..... think we know of these issues but I agree perhaps this is what is scaring the whales away... they want it derisked like an eagle until they have a live kill or in their case a money making machine.... Bardoc is that now and WILL BE THAT!!
