The pennyflippers and the impatient investors expect...... a 100% guarantee of a 20 bagger within 5 years... unfortunately we can deliver this ONLY with a 90% probability... the 10% is the investors risk, which include a polital risk, the jurisdiction etc...
Since the news release of today I think the chance is even higher than 90% - so further improving odds.
The company had so many face to face conversations with all the relevent ministries, so they will know the best...The reactivation of exploration speaks words... and the have the drills ready to start!
If - and we all expect this - Cachimbo is nearly what all (and Agnico) is waiting for then this company will have an NPV way above 1 billion. That's why Agnico is in the game and paid a premium some years a go when they took a stake into Goldquest.
And remember: this gem has a market cap of only 70 mio !!!!!!!!!!!!
GLTA