Over $400 million coming, with a market cap of $6 million. These numbers don't add up.
With a production target for the next project at 112,000 ounces up to 129,100 ounces
112,000 @ $2600 targeted price = $291,200,000 Yes that's right $291 million minimum target
112,000 @ $3160 today's price (reality) = $353,920,000
Up to
129,100 @ $2600 targeted price = $335,660,000
1129,100 @ $3160 today's price (reality) = $407,956,000 Yes that's right, over $400 million
Now I am no rocket scientist, but I do know one thing.
This company has a value of $6 million, with over $2 million in the bank and probably at least another 2 million coming in the next month.
So far management has shown all the hallmarks of people that care about this company.
They may not be able to control what the share price does, but I do know they can control how to spend and make the money, which they seem to do quite well.
This might just be a very big diamond in the rough when it comes to a small little junior gold company.
But let time do the talking. But if the gold price over the past few years is anything to go by these prices will go up quite dramatically.
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