target 1.16 ???https://www.ibtimes.com/articles/244819/20111107/gold-silver-copper.htm
VR: I can give you two quick examples. Lexam VG Gold is really well funded. I think it has more than $10M in the bank. It can continue what it has been doing for the next 12 months or so. Besides, it has very strong backers who can write a check if need be.
Another is Seafield Resources Ltd. (SFF:TSX.V), a Colombia gold play with a market cap of roughly $35M and close to $15M in the bank. It could drill for the next two years without a problem. Its new management team is very knowledgeable. They are Latin Americans and they understand the landscape. They have invested more than $3M of their own money at a premium to the stock price in the company.
TGR: What's your model share price on Seafield?
VR: It is $1.16. Initially, we had a
.79 model share price, then good drill results more than doubled the resource, and we revised our model price upward. Its flagship project, called Miraflores, is moving toward feasibility. It has several other targets on its property in Colombia. It is a very good location. Infrastructure is good. It has a good management team and board now.