The stock is overvalued in a big way for a few reasons:
- they don't own or have any share in Mt Carbine - they don't have any drill assyays - they don't have any reserves or resources - they don't have any financing or any sort of jv -what DO they have???
at a market cap of 10-20 mil those kind of unknowns are acceptable - you expect the share price to pick up as they are sorted out. At current market cap I can't see any upside even if assays are good.
Its overvalued - thats all.
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held