Book value vs stock priceWith only 29.5M shares out there Unigold has recently slowly come from the bottom. Recent drilling results show that gold is definitely present in this big anomaly on their mining site in RD.
the current b/
| Value at current SP: | 9 430 819 |
| Ratio P/V: 0.244 |
Using this price to book ratio , the rationale is a potential stock price SP at $1.30
This is a potential of 4 times current SP. With current positive moment on gold and insecurity around world economy taking a small presence in this company could lead to interesting reward.
just a few thousand shares could give you the chance to benefit in any surge.
There is more than a million ounces on the site. Current value at 9M$ is way too low vs what is the ground. Dyodd gltgagholders