Gold Canyon oversold
The current 4 million oz 43101 reserves vs the company market cap of 152 million values an ounce in the ground at CAD 38.- approx. one third of the going market rate. The ounces once extracted would be worth 6.6 billion. The grade of 1.2 grams per tonne is fine for open pit mining. The lake should not pose any technical or financial difficulty. With the other assets and the projected considerable increases of the 43101 reserves we are in heavily oversold territory.