Hard to say
There are shells kicking about with $5-10M market caps and only $1-2M cash ($4-8M EV's)
If you are even super conservative and put a minimal $2M valuation on the deposit, plus cash backing you get $8M or 11.5c
The grade is there, so if the market starts to believe tonnage will follow then it's the making of a commercial deposit
At 20c it's worth just $14M
Compare that to BBX and others on their highs of $35M and it seems very cheap, especially considering cash backing
Those gold grades are amazing and better at depth, page-18
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