RE: RE: at .86 its a MEGA steal I'm down a few ignores so I'm going to re post this. You have a triple bottom and the charts say .75c
It's worth worst case projecting two years down the road with no expansion of mineralization with 30 mil in the bank x.50 = .15c and based on 1,250,000 ounces at the absolute worst valuation x.35 = .44c total $.59c
Other then going out of business or finding out they do not have approval for the mine or own the property out right this is the worst case.
From here you can add dollars.
Lets say 43101 turns up 2.5 mil ounces in the ground and inferred. Worst cast it's worth x.35 .875c best cast x .65 = $1.625
The range then .77c to $1.77 so take the middle $1.27
If the market turns the juice back on junior explorers and either talk of production or takeover fires up again there are other multiples at play. If Gold breaks out and holds over $1900.00 the math will change.
If they drill up another trend, or extend from 5km to say 10km at 3.4gpt on the current one the math will certainly change.
The last two days have been a semi market melt down. Will this stop April 1st?
So I'm holding my original core and hoping they CAN get this back on track. They have a lot to prove so the work ahead will not be easy. I'm not however going to fool myself that this might not get uglier before it gets better.
JMO