another comparisonCheck it out:
https://www.kingsmenresources.com/our-assets/la-trini/overview/ Another nearby explorer with similar silver grades (g/t) as Stroud, but just 1/4
th of the Measured and Indicated silver resources. However their market cap is more than 3 times that of Stroud of as today! So Stroud’s in the ground silver is 1/12
th the price of some competitors.
Keep in mind that Kingsmen currently has about the same number of shares as Stroud would have after a 1 for 10 share consolidation, and its last trade was for 39 cents a share with a market cap of $6.59 million (Stockhouse v.kng). For an equivalent price per ounce in the ground Stroud would be priced at $1.20 a share after consolidation, or 12 cents a share right now. One could argue that Stroud would be priced even higher than that by comparison due to better economies of scale at this point of exploration. As I see it, it’s primarily that Stroud has been beaten down for a long time due to the lack of exploration activity and market exposure and with the CEO passing away, and the board needing to take over the company. With consolidation, funding, further resource expansion, and market exposure Stroud should be able gain a more favorable valuation.
Stroud Measured and Indicated. Silver eq. g/t 134.91. 25,738,178 silver eq. ounces