Cash/Enterprise Value Canaco has $110 M cash on hand.. bashers can talk down management all they want but I thank management for raising $100 M @ $5.00 and saving us boat loads of dilution down the road. Probably the best financing in the past year for a company relative to where their share price is currently..
Canaco has 214~ M shares fully diluted for $239 M market capitalization, subtract the $110 M in cash you're left with a company worth only $129 M dollars with a high-grade gold deposit that could easily host upwards of 5 Moz with the 100k + metre drill program on-going and once results are received.