Gold mines are priced on reserves mainly not on PE.
Most 1 million ounces deposits should be minimum 500 million market cap.The fact that we have close to 6 million unproven 1.3 million proven is why RSK is aggressively drilling.If you look at DEG they kept adding to there reserves but had no mine but the share price kept going up even after dilution.
General discussion, page-1421
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$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $326.0M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $155.8K | 124.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 28235 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 2947 | 3 |
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