RE:WTF ?I think the only reason that has happened is that Canagold has not yet been discovered by investors. There should have been a move in the SP with the successful 250M stepout with high grade gold in all 3 holes and a long awaited move in the gold price.
Investors perceive Cannagold as a small mining operation but "Grade is King" and New Polaris grade is 2X that of many other vein mining operations. They have a hard time wrapping head around the idea that it is not how much gold you produce but HOW MUCH MONEY YOU MAKE. With AISC below $600/oz New Polaris will be one of the lowest cost producers in the business. Not to mention they are missing the significance of the recent stepout.
Market recognition is a serious problem. Given the drill results, good management, and good potential Canagold should be trading at a MK of about $100 million or $1 a share. The hold period fot the 10.6 M share FT pvtpl ended March 1 /22 and the cheap shares may already have been dumped. Drill results will be coming out every 2 weeks for the next 3 months. I will be willing to wait until the market finds out about the company and a while longer.