OKI pointed out the down side.
Now I will point out the upside.
Romero has 2.4 million 43-101
Stock price is now trading were it was before Cachimbo Discovery.
Gold is over $100 higher post the discovery.
Stock is trading well below the AEM 60 cent investment.
AEM still holds GQC
Company has $25 miilon in cash
Net of cash you get Romero,Cachimbo for only $41 million
Zins is on fire post the zinc at Cachimo
So by those metrics GQC is in fact trading far below its asset value
So it is likely ALL risks is aready priced in and the stock is a buy for those who view the set back much like SBB tanked when the NIRB delayed its support.The stock of SBB fell from$2 to 80 cents making brave investors rich> I was a buyer on the SBB bad news.
That has now forced me to observe GQC is a buy so I added to my position knowing full well the risk.
Nothing ventured nothing gained