Current ValuationDoes everyone agree with...
1. Market Cap: 73 Million
2. Cash: 43 Million
3. 20 Year mine Life with all safety and licenses
4. Yearly Net Income: 22 Million
Right now investor are only pay 30 million for 500 million asset over the life of the mine ($1750 Gold)
So where is the disconnect:
1. The mine is china but its been operating for over 10 years so i have no concern there
2. Management said but never compelted the buyback meaningfully
3. HKEX listing was expected but the dilution part is concerning
4. If dilution is around .20c value then i kinda ok with it.
Considering everything this is low low low entry point. This can easily double in short while and yes this stock is still a HOMERUN if management delivers (buyback or dividend) on what they say.