That's true, it is a lot more expensive than other exploration companies. But unlike other exploration companies, MM8 has spent over $15m on drilling, exploration and approvals. This alone puts them miles ahead of the 10m ipo's that usually haven't spent a dollar on exploration and are just getting started. The hard work has been done, if this company can hit its gold production target, I believe $1 share is well within their reach within the short-mid term.
