As gold was approaching $1300- I saw a bid of 500,000 shares at .29
They are close to new mining of two sites- both open pit-low cost mining-highly profitable
kuuosomo- this is betting $1 on a 1000/1 chance but if pays off- the stock will fourfold- no asset value in the share price
So what have we got- cash $10.5 million plus
Existing Gold Mines 20,000 plus ounces- Faboliden 15-20,000 ounced starts early 2018- Kaapelinkulma coming a few thousand per year
Nil debt- Tightly held 80% - management that have the resources/ knowledge of running large companies can take this to a few hundred million dollar company
Recent High of .38 and today selling at .22 ($20 million market cap)- very cheap
As gold was approaching $1300- I saw a bid of 500,000 shares at...
Add to My Watchlist
What is My Watchlist?