CAN VS. DLKM HANDENI PROPERTY EXPLAINEDSo this is how it was all explained to me by one of the people close to Harp Sangha.
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BTW, I have not read the 43-101, or the more recent news releases in their entirety, so all this may be inaccurate, but here goes...
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CANACO
- Has 3.5 M oz and a current market cap of about $400 M (after you take out the cash in the company)
- Has two strike zone lines totaling 2 km that they drilled
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DLKM
- Has a current market cap of $100 M (very rounded off)
- Has 15 km of strike zone in 5 zone lines that they can drill
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DIFFERENCE BETWEEN CAN AND DLKM
- It appears that DLKM has roughly 750% more Handeni targets to drill than CAN
- If we prove up 3.5 M oz and our market cap is $400 M, then our stock would be $1.40
- If we prove up 10 M oz and then we should be around $1.40 x 3 = approx $4.00
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Of course the above market caps and stock prices are all based on the terrible market we are currently experiencing. Everyone I speak to believes the junior golds will have their day in the sun in the fall. And with gold at $1,760 and everyone talking about it going over $2,000, I hope that we will see substantially higher DLKM prices.
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If you believe any of the above is wildly inaccurate, please let me know.
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Bacon