RE:RE:ValuationThanks for the feedback. And I understand the math. But feasibility studies aren't always accurate. And developing a mine is not easy. They've added some good mining folks to the board in recent years, which is critical for development. If gold continues to hold, or as you predict, go higher, every mediocre prospect on earth will appear economic. This is a near surface, high grade deposit, which is great. I wouldn't be counting on Altan Nar for an immediate boost to the mine life. I could be wrong, but we'll see. If I'm right, that leaves just undeveloped Bayan Khundi property in the middle of the Godi desert, in a very nationalistic country.
Lots of remote mines have been developed over the years but with so few ounces, I really think that new prospect is critical for Erdene to be the $2.00 stock that Paradigm has in the report. Btw, I haven't read the report, so maybe it would change my mind, maybe not.
I certainly wouldn't call it cheap at $125 million. I own the stock, so hope it goes to $2.00, I just see a lot of challenges to get there.