this company is looking attractiveespecially with chantal experience with barrick....this guy is an operational guy and he will not f around he will deliver
even at current production of 20 k quarterly at say future cost of 1000$ ....they should be cashflow positive by 2 million per months...id say thats a good start to creating susating positive cashflow while still being a low producer as production increases quaretre over quarter,,,cost should be in the 800-900 $ level as they get to 30 k quarterly... but with 85 million in cash no debt ...id say 200 million market cap is lower than what a mill cost to build today let alone all the asset under crocs belt to excute on....
If gold continues to power higher this will be a quick move to 1$ or a 50% increase from here..
Mytake is chantal has the know how to get this to where it should be sustainable production lowering cost with high grade material....along with getting production over 25 000 quarerly easily doable with the assets on hand...
anyways gold ounces in the ground this thing trade less value than explorer and yet it has all the infrastructure in place whih has at least a 500 000 000 price tag if one were to even start a gold mine....
The time to buy is here picked up 250 000 at .72 cents and will continue to add large o a debt free loads of cash on balance sheet just started cash flow positive with a very key operational guy at helm with loads of experience through placer and barrick to make thic company tick forward....
cheers
200 million market caop is a steal for these assets...with chantal they are now valuable assets
the guy at the helm makes all the digfference in the world in making a profitable gold com[pany ...and chantal is the man to make it happen