Valuation So, if I'm understanding this correctly, at a .5 cut off grade Au g/t, you have 1.5 M oz Au. Close to $10 M in cash. And about a $24 M market cap. That would give you an in situ value for the M&I gold of less than $10/oz Au!
The healthy cash position is really nice in these uncertain times.
I love these stocks when they get beaten down way below where they should be trading. I'm in NKL as well. They have 12M oz of PGM+Au, 5 billion pounds of other metals, and a $127 M market cap. Not exactly in the gold space like SFF, but still interesting - especially with their PEA due this month.