RE:GSR valuationRe $.065 52 week low.
Seems to me that the 52 week lows for "all quality asset" commodity companies is unlikely to be revisited for a while due to:
a) confidence in the commodity complex today (particulaly gold prices) is way better vs the last 4 years.
b) more eyeballs on commods/fund flows are positive vs the sector being a source of liquidly the last 4 years
c) stocks were priced for bankruptcy
D) flow through deals are getting done in larger size (there is money for quality assets). There was a time there where FT deals went the way of the doe doe.
now that commodity companies have lifted from bankruptcy levels, companies must move the ball forward in terms of resource development to get share prices higher.
Assuming gold prices stay steady, I doubt gsr hits $.065 again....
1. Gsr has some concrete drill results
2. Gsr has expanded the resource
3. Gsr has a very high profile investor who, I would think, has visited the property and performed diligence.
4. One of the directors of GSR helped to create what became Sprott resource Corp
5. The majors are all around the GSR properties
6. Politically friendly environment
7. Definitely more people/investors looking at GSR and gold explor co's in general relative to a year ago.
I could go on....I think the management team knows they need help.