Great Day Maybe it's going up because of the new web site coming in September(hahahahaha).
Looking at the numbers....which by the way isn't a science in this case.....
180K ore x 50 oz/ton x $10/oz = 90 Mil US.....
Add 20% to that cause we know the NI43101 is ultra conservative
90 Mil x 1.2 = 108 Mil
Add to that a 25% uplift for what they might find
108 Mil x 1.25 = 135Mil
Add to that the 11 Mil they have in the bank
135 Mil + 11 Mil = 146 Mil
Share Price = 146 Mil / 158 Mil = .92/share
This calculation doesn't even account for the value of the property they hold. In my books this is about where they should be trading give or take a nickle.
Keeper