RE:4 Most Recent Q's$11.5 million US in net earnings in the last two quarters when production reached breast plate milling.
Thats about $14.5 million CAD and this earnings rate should now be sustained resukting in about $29 million cad in net earnings on an annual basis.
Typically, microcap gold trade at about 15 times net earnings which would place fair peer based market cap value at about $415 million CAD or about $0.40 per share,
With cash of about $0.06 per share and a mine life in excess of 20 years , MJS is brutally under valued at todays price.