MQR at 45 to 50 centsIs where I would place the share price today if MQR did not do the charity deal for Greg when buying the RIC properties.
With the RIC properties who knows. They are making a suggestion that resources will be spent on Wesamac and without some solid number for that justification I nor the market can see and reasoning behind it.
Hard rcck underground mining in Canada cannot be done profitably at 2-3 g/ton.
Yes I know there will be examples of such operation but the point is they are in operation. They have been established and costs have been paid and covered.
A true compaision would be to a developer developing an UG mine with similiar grades.
Confirmation of this opinion is by way of the share price which has been and continues to move opposite the price of gold.