No brainer to meOrefinders Resources on sale ?
For a market cap of 2.5 M C$ :
- 2 great properties ( 100% ownership ) in prime locations, Mirado ( Kirkland Lake ) and Derlak ( Red Lake )
- Mirado , flagship property with NI43-101 compliant resource of 440 K ounces of gold ( high grade , near surface open pittable ) and a massive potential for increase of resources
- Mirado , a stockpile project on track for the milling of min 3000 ounces of gold with a sales value of over 5 M C$
- Derlak, sandwiched between Pure Gold's Madsen mine and Premier Gold 's Hasaga projects, on trend with not only the Madsen Mine but also the Buffalo Mine and Howey Mine, shareholder value could be increased buy spinning off , joint venturing or even selling to either Pure Gold or Premier Gold
- non dilutive cashflow through stockpile project
- no debt
- low float
As we all know for every buyer there is a seller and the other way round.
By this I want to congratulate the buyers at these price levels , this will prove a great investment after the summer.
Am I biased ? Yes
Am I a long term shareholder ? Yes
Please do your dd and don't forget to get in touch with management !!!