valuation is at a discount is the main reason i put in yep. its low market cap. Most of the gold stocks -the proven developers(1mil ounces+) are in the $200-$500m market cap range (e.g. BGD, SMI, MEK, AZY, MM8 and so on). This is not far off from that yet only $25m.
. the other main northern deposits probably not mineable at that grade(sub 0.4g/t) though. only the south one is economic on a feasibility standpoint (0.8-1g/t) or potentially - needs extensions along strike first to get the open pit to stack up on a tonnage basis.
Have u looked at DLI - Ballard mining ipo. couldnt get access to theirs as given to DLI holders. Thats an example of a better deposit- high grade 1mil ounces @ 3g/t, in WA as well so theres likely more (WA has better gold). Higher market cap at $85m.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)