RE: RE: RE: Market Cap What's your idea of tiny? Have you heard of Torex Gold - TXG? They have $100 M in cash currently a project in Mexico with 5 Moz of high-grade gold and boast a market cap of over $850 million dollars.
Their resource is currrently 3.5 Moz @ 3.1 g/t au open-pit (sound familiar to CAN - high-grade open pit) and they are looking to move that to 5 Moz @ 3.0 g/t au for the next 43-101.
CAN could easily show 2.5 Moz for the coming 43-101 at 3.0 g/t au and another 3 Moz on the following 43-101 for spring of 2013.. only difference is proven gold vs gold that needs a 43-101 stamp on it and of course Mexico vs. Tanzania.
If that's worth a discount of $750 million for 1 years time or 250% to Canaco's market cap then I'll take my chances adding here