let us bring on some math on where we will go. There is no question that we are way undervalued, but that said, there is a reason why.
The holdup for such a low share price is mostly due to the fact that we have not yet been able to secure a capital infusion to move us to the next level, which is the operational stage. With the announcement of the government coming in as a partner will certainly open up the avenue for interested parties to look into possible loan agreements.
In the mining sector, this is always the prevailing notion, no money no movement, now possibly this will change with the governments interest.
Once we do nail down a loan and depnding on the financial structure of said loan will determin the eventual share price ie: Markert Cap.
Much of this will be dependant on the share structure, but with that said, I believe whatever the increase in the share structure per Market Cap, a reasonable market cap of 50 million dollars is possible.
Currantly we have roughly about 137 million Outstanding shares, to this, equals a share price of .045 = 6 million $ MC. Certainly we all agree this is way undervalued.
Even if they move the share structure another 50 million to satisfy the capital financial commitment, lets just say to 200 million O/S, this will still allow us a share price of .25 - .30 and give us a MC of 50$ million.
So when you just equate this with the Kipiwa project, that they (MAT) has mentioned in their anaylsis which is total rev of about 2 billion $, still well undervalued at a share price of .25 -.30 or market cap of 50$ million.
Remember, the life expectancy of this project is 15 years. So with 2b$ rev. divided by 15 years is approximately 133 million$ extracted yearly and now of course we must understand the operational or burnrate yearly, we still must consider that 50m$ Market Cap still makes this well undervalued.
So between the burnrate and rev we have another 50m$ in reserve. Meaning under this math of 133m$ extracted yearly, a modest burnrate could or should be represented at about approximately 25% to 30% of total yearly. The point I'm making is that 50m$ is a reasonable MC once we establish our capital infusion.
So not to get over zealous in this math exercise, you can see once all is said and done with respect to the financial structure, this is really a nobrainer.
Have a good day
varok