Yaramoko Gold MineThey already forecasted an exploration budget of $10-12M for 2019.
They are supposed to be exploring near the existing MILL to feed the mill.
They have a 5-6 year Reserve life indexfor this mine/mill. Trading at 2.5X-3X EV/EBITDA
with ZERO net debt...............
They are in the Hounde Greenston Belt. They should have spent the money in the existing HOOD on exploration, and buyback the stock.
Nobody knows what the ROE is going to be on greenfield exploration in this new project area. Perhaps they don't find enough ounces at a high enough grade to justify any production from this new exploration asset.............ie................they PISS it all away.
The people running this company do not think like shareholders. THey hold very little
outside of their "freebie" shares.................Yeah, they want to be around all right to collect salaries because nobody else would employ them to do anything else but wash
public stalls at the bus station!!
The absolute lowest valued gold stock in the Canada/US universe and they want to go exploring for more................total BS.