What am I missing here?
-$40m market cap;
-Virtually no debt, and KBL own the mill at Mineral Hill;
-Mineral Hill producing at 300-320K throughput (annualized) with 3 shipments to go to China by mid- May;
-Sorby Hills nearly all approved and KBL are 100% confident that funding will be secured for this as the numbers stack up/high grade, shallow silver/lead deposit;
-GMR deal still on the table despite KZL issues.
SPP aside, why is this stock sagging? I can't work it out. The execution risk has reduced as KBL are now producing. The JW risk has reduced as he's stepped down from CEO/Chairman to Chairman. I don't get why this stock is only capped at $40Mil when there are plenty of $100Mil companies with half the deposit size and years away from production, if ever (eg. YTC).
Can someone fill me in?
What am I missing here?-$40m market cap;-Virtually no debt, and...
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