The boards job is to look after shareholders interests. Not wasting cash is a positive but doing nothing is not. The board needs to get the share price to better reflect fair value, which isn’t $4 per resource oz. If Northern Star or someone else wants to actually do something with these assets. Fair value would somewhere north of $50 per resource oz. There is currently zero interaction with investors. What about a regional exploration program to see what other minerals are present? Lots could be done it would be a shame to see this company taken over well below fair value.
TAM Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
