My guess is that depends on all sorts of factors including how...

My guess is that depends on all sorts of factors including how the DOW tracks overnight and over the next week as well as how the IO prices stack up, but with -

(a) $43 million in GBG's reserves
(b) $350 million in the JV company Karara Mining and
(c) $200 million already spent on long-lead items, etc

not to mention the largest IO assets in the Midwest and China's largest steelkmaker as a JV partner and major shareholder, one begins to think this company is undervalued with a market cap of less than $400 Million.

I'll leave it for other more qualified posters to coment but IMO the intrinsic value of Gindalbie must be somewhere well North of the present market cap.