I do look forward to those efficiency gains in Phils. I am a...

I do look forward to those efficiency gains in Phils. I am a financial investor, specializing in value stocks. I am not a mining specialist, and this is about the smallest cap stock I have ever looked at. I think there is extra hair on small caps, and I didn't fully appreciate some of the curve balls that can come in this space! I only compared MML/X64 to other listed gold companies. Compared to that peer group, it was and does stand out as an outlier on the cheapness scale. That being said, the market sets the price and so far I have been wrong on this.

Regarding your question about other companies with the same technologies and knowhow, I have no idea. I do hope that the company can continue its satisfactory and steady operation in Mindanao, as that is the lifeblood of this company. But I don't think we should expect any premium valuation for that knowhow, all I am hoping for is that the company earns a more reasonable valuation. While the resource experts and our mining team are critical to a satisfactory outcome here, I think of equal importance is how we manage our precious capital. Having $65m in cash and almost $30m in cash flow gives us a lot of firepower. Let's use it.