OK your opinion...
I know of explorers with nothing found trading at a much higher mkt cap.
174 000 oz Au at Anthill and Goongarrie Lady which should start producing this year.
That's worth a lot more than $3mn.
174 000 X 1500 (worst case scenario POG) = $261 mn
That's what I mean by cheap.
EB
excellent au grades mkt cap aud 3mn, page-3
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