Upside This is not investment advice but this is my thinking on this company.
They have a fully permitted, former high grade gold mine that produced 15,000 oz. of gold from 15,000 tons of material. This is an astronomical grade. Yes, there will be some dilution but I think the company has negotiated a good deal and added transparency.
Nobody can say with certainty what the future holds but I love the risk-reward ratio here. That amount of gold is worth $29,250,000 (using $1,950 per oz.).
The market cap is $5.8 million in USD.
If they produce anywhere near that number, what do you think the value of these shares will be?
Perhaps the low volume is justified and I'm totally wrong. This is still a risk I'm willing to take. I'm excluding the potential value of the newly discovered nickel-cobalt zone.
Please correct me if I've stated any of this incorrectly.