All about Real Earnings "That about says it all LT. Personally, whilst miffed over the slow release of drill core data, I think they are afraid of being taken over before they have a chance to prove and significantly increase values. Hmmm, that sounds like I just shot down my own anqst." Netwide
Not just assay results, we languish at a $25M MCap, the story to tell to the market and mia, is about the New Junior Gold Producer that has real earnings on 25K Oz production in the 1st year which should be well underway milling and 40K Oz in the second.
We could earn $20M to $25M in earnings this first year, which then requires a market multiple of ???10 times, maybe 5 in this market. Still 10x are current MCap. The Next Big Potential is in the Kerr-Addison and McGarry exploration, more so on the Kerr, as the past historic producer which only focused on the known contained ore body with limited to no outside exploration outside of this production zone. Not many Juniors can say they are actual Producers.
A little marketing of this story and this stock would be on fire not just smouldering lower. A Much higher MCap would protect from the worries of premature takeover. That said, we are also protected by the whole junior universe being severly undervalued, with all being takeover potential. Trelawney the recent first will not be the last.
Cheers, Mark