What Could Happen?What is the Risk/Reward ratio?
What could happen even before drill results? The posts below are from the other message board, CEO CA. https://ceo.ca/mmv
@AUPop @Frankie4Fingers, I would hope they'd raise somewhere between $5-$7.5m based on my calculation of drilling costs to do a fair number of drilling holes against the Centroid and upper end of the Centroid.
They have 5.3m warrants at 0.40 and would imagine additional warrants would be attached with the next financing (assuming $6m, not sure?), which would give them approximately additional $12m in proceeds from the exercise of warrants alone (should the stock price go up and people exercised them).
So all together, they would be looking at around $18m to do exploration on their targets, which would be more than sufficient in my opinion.
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16 Jun 2021, 07:27
@AUPop Today, DTRC,
MMV's other junior neighbor in the area just hit $9 (That was the high it went to under $7 later), or $340 million market cap. Its market cap is almost x 18 times that of MMV and they have no permits or targets identified, but big money and names behind it. The disparity in valuations between these two companies will not hold for long!! The market will correct it. Anyone selling MMV here is nuts.
We are very likely looking at the infancy of another major Gold district, like Newfoundland, coming to life in the mining friendly South Dakota. 0
17 Jun 2021, 06:58
@Frankie4Fingers Why is dtrc not updating on ceo
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17 Jun 2021, 07:13
@AUPop @frankie4Fingers, dtrc has a new ticker symbol DTRCD , but for some reason it is not configured properly on ceo. If you go to say Yahoo finance, you will see all the details there. And if I'm not mistaken, that $340m market cap that it hit today is USD.
People should really do their own due diligence on these two companies, because this extraordinary difference in market cap will correct. Incredible that this is happening under everyone's nose and very few are taking advantage of it. I have so much of this stock and don't have the capacity to add more. 0
17 Jun 2021, 07:19