Correct me if I'm wrong but I am not quite sure that we are using the right metric here.
The reason I'm saying this that if a miners MC was based entirely on the value of the ore in their mines then the MC would decrease over time as the ore is mined.
You are right in that it is an important component but I don't think it's the only one to use in order to make a solid valuation of this stock.
What is your opinion on this article?
https://www.smallcapinvestor.ca/post/a-beginner-s-guide-to-junior-mining-stocks
Thanks for your help
Ann: Sofala Gold Resources increased to 352,000 oz Au, page-4
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