RE:pre-feasibility study
Valuation is crazy cheap. Approx $213 million CAD market cap, approx $54 million CAD in cash. Leads to a $159 million CAD enterprise value. For a 90k ounce gold producer who will likely make $30 million CAD this year if the first quarter is any indication. That's $0.85 cents profit a share and a 7 P/E ratio. Not to mention the Ana Paula project has an NPV of $300 million CAD and is given no value by the market.