to all those that bought into this one at elevated prices and continue to hold,
if you bought at 14 cents, is that 140 mill MC?
This slide is reality biting that there is no 800 million royalty as posted by others, IMO it is an 8 mill royalty only.
IMO, the stock has merit, but they do need to drill, and release to the market a schedule for drilling. They have one prospect based on conceptual value. They need to sure that up with results.
The speculation value of it being adjacent to FMG begs the question why FMG didn't grab it as well when they selected the other tenements to JV.
always DYOR, and just because a SP is climbing insanely, doesn't always imply that there is underlying security in the stock. Dot com saga.
IMO it is probably fair value on speculation, and on drill results will climb from here, so good luck to you all who hold and got caught up in the hype.
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