Anything but a pump and dumpThe stock has been down 7 of the last 8 trading sessions if you missed your chance to reload you have no one to blame but yourself. The market cap right now is very fair considering the historical drill results in 2007 and the land package we have in the Lake Victoria Goldfields. We're situated in the middle of 8 different deposits totalling over 46 Moz of gold and our land is virtually unexplored to date. SD is trading at a market cap of more than ours but is a much more speculative play as they've yet to even drill their Morogoro property. We on the other hand released hits like this in late 2007 and it justified our SP soaring to 50 cents despite the POG being almost half price.
- 34 m at 3.60 g/t
- 12 m at 9.11 g/t
- 63 m at 2.59 g/t
- 31 m at 5.97 g/t
Not to mention our grab samples from Sisu River ranged from 1 to almost 90 g/t au, with 30% of samples 4/13 coming back at over 20 g/t.
I still see us as undervalued here and believe we'll revisit our new highs in no time as drill results are just around the corner.