All set upAISC under $900, current gold price $1350, that is a fat $450 AISC margin. At 120k oz/yr that is $54m/yr (minus some additional expenses). Compare that to the current $70m market cap. Very leveraged growth.
Treetop's scare of going out of business is off the table.
Restart of production is almost a certainty. Just in time for a high gold price and a stockpile that is higher grade than what they were producing before stoppage.
The cash already used to mine the stockpile will be converted back into cash.
The ugly duckling can turn into a golden goose when they restart production.
Treetop needs to work hard to talk it down because he is still trying to buy at 4c that he missed.