If I was management I would be concerned that this company is trading so low in relation to it's peers with so much prospect it would be a fairly easy take over target.
EV/Res and EV/Reserve it is a 40-50%% discount to it's peers.
With Red October nearly emptied/drained and the old data showing grades of 10g/t plus up to some at 30g/t and an extensive drill program announced ($12m) this could be a very tasty bite before red October re-rates this stock to major league.
No debt, $40m cash and $75m in cashflow, 3.3m resource oz and 1 m reserve oz and red october to come and 300 other tenements this stock is very cheap in my view.
If a bidder bid $1.40 that would only rate this stock in line with it's peers.
DYOR
This stock is vulnerable and probably explains why the company is roadshowing its self around the country and O/S.
If I was management I would be concerned that this company is...
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