GREY:SGGDF - Post by User
Comment by
snowtigerrron Oct 23, 2017 7:17pm
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Post# 26847521
RE:Friday Night PR
RE:Friday Night PRSeems like you're having difficulty seeing the forest for the trees? They're raising capital above market to fund further exploration, not SG&A or some "for corporate purposes" BS, because they know Clavos and the surrounding property is potentially much richer than what's previously indicated in the 2013 PEA (Kinross holes + 5 new anomalies).
They haven't been able to explore previously because the price of gold was in the sh*tter, financing was dry and the mine was flooded on care & maintenance. 2.25mm warrants only exercisable above $0.32 isn't much at all, especially if they are on the precipice of new discovery at depth.
$13mm marketcap for a company with raw assets potentially worth $100s of millions. Pending drill results should give us further insight into resource expansion.