RE: Undervaluation=Lack of MotivationMr Investor,
Funny (or sad), but I saw that yesterday and thought the same thing. I've made no bones about my position on that over the last 6 months, so I won't rehash it. It's frustrating for sure, because so much share price potential is to be had, if only promotion occurred. That said, when I look at the overall picture, I see so many positives that shareholders are sure to benefit in the near term (within 3 months) and the long term 3 months to 2 years (take-out, forward PE valuation if not).
As of March, per the presentation:
--The mill is pretty much done.
As per the Rod Husband interview Nov 18th--
--"from mid-year to third quarter next year, be on target for 100,000oz from there, on..." (calendar year, not Q)
As per the Vicarage report March 17th:
--MJS has applied for a license for the increased milling capacity (7400 Tonnes per day)
--"...the mill is expected to be operations from June 2011."
So, the big picture looks very good in the short and long term...
Cheers,
B