Would you consider it a buy at 2c as a short term trade? Or as investable?
On comparison to other explorers they’re way over capped imo. I can’t see how they could possibly be valued as a producer - they’ve provided pretty much zero evidence of any quantity of ecomically extractable ore. I really think $10 to $20 million market cap would be generous for what we know at the moment - and that would be after shoring up capital to prove they’re not about to bleed to death.
I think 1c to 1.5c would be a more realistic valuation.
And why anyone is willing to pay 2c for the OGXOD options is totally beyond me - they have a strike price of 11c and the heads are trading at 4.5.
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Would you consider it a buy at 2c as a short term trade? Or as...
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